We analyze the market reaction to the sentiment of the CEO speech at the Annual General Meeting (AGM). As the AGM is typically preceded by several information disclosures, the CEO speech may be expected to contribute only marginally to investors' decision-making. Surprisingly, however, we...

Since August 2009, German legislation allows for voluntary Say on Pay Votes (SoPV) during Annual General Meetings (AGMs). We examine 1,169 AGMs of all German listed firms with more than 10,000 agenda items over the period 2010-2013 to identify (1) determinants and approval rates of voluntary...

Der vorliegende Beitrag untersucht die Determinanten der Hauptversammlungspräsenz deutscher börsennotierter Aktiengesellschaften anhand einer Stichprobe von 126 Unternehmen über die Jahre 2004 bis 2006. Die Hauptversammlungspräsenz hängt (wenig überraschend) von der Aktionärsstruktur ab:...

This article analyses the recent Leica judgement of the Higher Regional Court Frankfurt/Main and its consequences. In this judgement, the court has established an infringement of special formal requirements with respect to Leicaś invitation to the Annual General Meeting which, if correct, would...