Publications
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Press releases
Investment in shares and securities
A share portfolio instead of flowers
Sunday is Mother's Day. We thank our mothers and ignore the fact that career breaks and part-time work lead to significant losses in income and pensions for many women. The German Stock Institute is calling for better conditions for...Investment in shares and securities
Promoting women's financial independence: the need for political incentives
On average, women are still economically worse off than men. They are more likely to suffer from poverty in old age. One of many important measures to prevent this is to start investing in equity-based pension plans at an early stage....Investment in shares and securities
Shareholder numbers 2024: Time for political impulses
For the fifth year in a row, the number of people investing their money in shares will pass the twelve million mark in 2024, according to the shareholder numbers published today by Deutsches Aktieninstitut. 12.1 million people are...Investment in shares and securities
Economic education: The Basis for Democracy and Social Security
Around 80% of young people in Germany believe that a stable democracy and a functioning economy are closely linked. However, many feel they lack the knowledge to make sound economic decisions. Therefore, on Education Day, December 8th,...Corporate governance and company law
Making Annual General Meetings in Germany more attractive
Shareholder representatives and companies are calling for a more open dialogue between the board of directors and shareholders at the annual general meeting. Together with the commercial law firm Freshfields Bruckhaus Deringer,...Financial market regulation and real economy
Post European Elections: Swiftly advancing the completion of the Capital Markets Union and strengthening competitiveness
In the weeks following the European elections, the EU Parliament and the EU Commission will undergo restructuring. Deutsches Aktieninstitut hopes that both institutions will prioritize strengthening the European capital market. This...Financial market regulation and real economy
European elections: Strong capital markets for a competitive EU
Strong capital markets are a crucial requirement for securing Europe’s future as a business location and financing the transformation. In light of the European elections in June, Deutsches Aktieninstitut just published its European...Investment in shares and securities
Return triangles 2023 published
"Time in the market beats timing the market" – in other words, investment duration beats entry time, according to a stock market rule. This is once again impressively demonstrated by the average returns of the updated return triangles...Investment in shares and securities
Shareholder figures for 2023 break the 12 million mark again
For the fourth time in a row, the number of investors in shares and other equity investments in 2023 is well above the 12 million mark, as the shareholder figures published today by Deutsches Aktieninstitut show. At 12.3 million German...Investment in shares and securities
More equal opportunities through financial education (in German)
Three quarters of young people want economics to be given a higher priority at school. On tomorrow's Education Day, Deutsches Aktieninstitut is therefore calling for economics to be taught as a subject in all general education schools...Investment in shares and securities
World Savings Day: Save better with shares (in German)
To mark World Savings Day on October 30, 2023, Deutsches Aktieninstitut is highlighting the value of saving with stocks. In the past, a long-term, broadly diversified investment in equities has generated annual returns of around nine...Financial market regulation and real economy
Cooperation for a Stronger Europe
On the occasion of the Third Franco-German Corporate Executives’ and Institutional Investors' Forum the presidents of AFEP (Association française des entreprises privées) and Deutsches Aktieninstitut, Patricia Barbizet and Melanie...Investment in shares and securities
Happy Birthday 35 years DAX! (in German)
Deutsches Aktieninstitut is pleased to celebrate 35 years of the DAX. The German Share Index represents the 40 largest stock market stocks in Germany and is one of the best-known share indices worldwide. In the past, a long-term and...Investment in shares and securities
Employee share defies Corona, war and inflation (in German)
Employee share programs are an attractive and secure way to build wealth: 87 percent of employee share plans generate an annual return of at least five percent over ten years. In more than half of the plans, employees can look forward...Financial market regulation and real economy
Subscription rights issues no longer trigger prospectus requirement (in German)
Following a very constructive dialog, the German Federal Financial Supervisory Authority (BaFin) is changing its practice with regard to so-called oversubscription for rights issues of up to eight million euros. Existing shareholders...Investment in shares and securities
Shareholder figures at record level in 2022 despite crises (in German)
Germany has never had more stock savers. 12.9 million people were invested in shares, equity funds or ETFs last year, according to the shareholder figures published today by the Deutsches Aktieninstitut. That is slightly more than at...Investment in shares and securities
Strengthening Economic Education (in German)
On the occasion of tomorrow's Education Day, Deutsches Aktieninstitut is calling on the German government to do even more to promote economic education in Germany. This requires a separate economics subject in schools and the prompt...Investment in shares and securities
World Savings Day: Creating Better Incentives for Saving Shares
On World Savings Day, Deutsches Aktieninstitut is calling on policymakers to swiftly pass the planned Future Financing Act and thus make equities more interesting for everyone. In view of high inflation rates, saving with stocks is...Corporate governance and company law
Open future of the virtual AGM (in German)
Today, the Bundestag will pass the law on the introduction of virtual general meetings. The government draft has been further developed in some points. The next AGM season will show whether the law passes the practical test. Deutsches...Investment in shares and securities
Making saving in shares more attractive (in German)
New calculations by Deutsches Aktieninstitut show that the reintroduction of tax exemption for equity income after a holding period would be an attractive incentive to promote equity savings in Germany. The introduction of an...Corporate governance and company law
Draft on virtual AGM creates legal uncertainty (in German)
The German Federal Cabinet today approved the draft law on the introduction of virtual AGMs. The Corona pandemic has shown how important it is for companies to be able to hold general meetings virtually in times of crisis. However, the...Corporate governance and company law
ESG has arrived in the companies (in German)
Sustainability, with its facets of environmental, social and governance (ESG) has reached the everyday life of listed companies. The shift towards sustainable management has left the strategic level and is influencing the business...Investment in shares and securities
Updated Return Triangles - long-term investment beats time of entry (in German)
Broadly diversified investments in equities in combination with a long-term investment strategy lead to high returns for investors, as the Return Triangles of the Deutsches Aktieninstitut published today make clear. This applies to...Investment in shares and securities
Shareholder numbers remain at a high level (in German)
Almost 12.1 million Germans were invested in shares, funds or ETFs in 2021, according to the shareholder numbers published today by Deutsches Aktieninstitut. This is the third-highest level in the surveys and, despite a decrease of...Investment in shares and securities
Financial literacy is part of general education (in German)
On the occasion of the Education Day, Deutsches Aktieninstitut calls on the new federal government to commit to more economic education in Germany. This requires a separate school subject of economics and a national agenda for more...Investment in shares and securities
Focus on saving shares on World Savings Day tomorrow (in German)
Investing in shares is becoming increasingly popular. And rightly so, because those who invested broadly and for the long term in shares were able to enjoy average annual returns of six to nine percent in the past. „Seit 1924 wird am...Financial market regulation and real economy
Talk is silver, action is golden (in German)
Deutsches Aktieninstitut expects the political parties to follow up the promises made in their election programs with action after the Bundestag elections. In particular, when it comes to old-age provision, savings with stocks must...Investment in shares and securities
DAX 40: More players in the upper stock league (in German)
It is not only in soccer that transfers dominate the news. The DAX is also receiving support and is expanding from 30 to 40 companies. Tomorrow evening after the close of the stock market, the candidates will be announced who will move...Investment in shares and securities
German federal election 2021: German capital markets needs a fitness programme (in German)
Efficient capital markets contribute to securing prosperity. Deutsches Aktieninstitut therefore calls on the next federal government to promote equities in Germany and to make the German capital market fit for the future. In a...Investment in shares and securities
Stock Market Participation in Germany on record high
Deutsches Aktieninstitut has published its updated shareholder figures for Germany. With 12.4 million people, a particularly large number were invested in shares in the Corona year 2020. The young generation in particular discovered...Corporate governance and company law
General Meetings without compulsory attendance become possible (in German)
Deutsches Aktieninstitut welcomes the draft on the General Meeting without the shareholders’ personal attendance. Due to the lack of the necessary infrastructure, the possibility to ask questions during the online General Meeting must...Corporate governance and company law
At times of Corona: General meetings without compulsory attendance required (in German)
The bans and restrictions on events in response to the corona pandemic make it extremely difficult for companies to hold general meetings as face-to-face events. In a position paper published today, Deutsches Aktieninstitut therefore...Investment in shares and securities
Acting calmly also in times of corona (in German)
In an extremely difficult stock market phase, the German day of the share ("Tag der Aktie") moves shares as an investment form into the limelight. Despite the current slump on the stock markets, the longer the investment horizon of a...Corporate governance and company law
A shareholders' meeting is no soccer match (in German)
With a view to the beginning of the annual general meeting season, Deutsches Aktieninstitut is calling for individual case examinations to be permitted at annual general meetings. Companies that are legally obliged to hold...Investment in shares and securities
Shareholder interest down in 2019 (in German)
In 2019, the number of share owners fell by around 660,000 people compared to the previous year, as the Deutsches Aktieninstitut states in its shareholder figures published today. The year 2019 thus represents a setback for German...Investment in shares and securities
A long-term plus with shares (In German)
Deutsches Aktieninstitut has published its new Return Triangles. As the Return Triangles show, shares are always an attractive investment for asset accumulation in the long term. Deutsches Aktieninstitut therefore calls for shares to...Financial market regulation and real economy
Financial Transaction Tax - Private investors will foot the bill (in German)
Deutsches Aktieninstitut rejects the bill on the financial transaction tax recently presented by the German Minister of Finance. The planned stock market tax makes the purchase of shares more expensive and thus less attractive. This...Financial market regulation and real economy
Franco-German Economic Forum: President of Deutsches Aktieninstitut calls for closer cooperation at company level
The first Franco-German Corporate Executives and Institutional Investors Forum of Deutsches Aktieninstitut focused on European economic and capital market policy. France and Germany must work more closely together on these issues in...Investment in shares and securities
Investing is the new way of saving (in German)
On World Savings Day, many children open a savings book for the first time. But the savings book is no attractive form of investment in the long run. The low interest rate policy means that Germans are losing assets in real terms. A...Financial market regulation and real economy
Deutsches Aktieninstitut calls for more Cooperation between Politics and Business in Europe (in German)
A consistent finalization of the Capital Market Union, purposeful action for a sustainable economy and the strengthening of European companies in international competition: These key issues form the focus of today's published European...Financial market regulation and real economy
No one-sided burden on German companies
Deutsches Aktieninstitut firmly rejects the introduction of a public country-by-country reporting at EU level. The disclosure of sensitive company data puts German companies at a disadvantage in international competition. "The...Investment in shares and securities
No Taxation on Shares, Mr. Scholz!
In a letter addressed to Federal Minister of Finance Olaf Scholz, Dr. Hans-Ulrich Engel, President of Deutsches Aktieninstitut, warns against the negative effects of the planned tax on shares for German economy and society. The tax on...Investment in shares and securities
With Four Simple Rules to an Successful Share Investment (in German)
On the occasion of the day of shares, on March 18, Deutsches Aktieninstitut encourages savers to invest in shares or equity funds. Who seizes the opportunities of share investment can look forward to attractive returns. You only have...Investment in shares and securities
Number of Shareholders Increases by a Quarter of a Million (in German)
In 2018, for the fourth time running the number of shareholders and equity funds holders has risen in Germany. The survey “Shareholding Statistics of Deutsches Aktieninstitut 2018" (in German) - published today - shows that on an...Investment in shares and securities
Shares Remain Attractive Investments (in German)
In view of the downturn of share prices investors should not be getting nervous. On the long run shares have been and are attractive investments with manageable risk. This demonstrate the new Return-Triangles of Deutsches...Investment in shares and securities
Less Misunderstandings, More Shareholders (in German)
The Survey of Börse Stuttgart and Deutsches Aktieninstitut reflects the attitude of the Germans on shares // Inspite of low interest rates great reservations // Personal experience creates positive attitude // Integration of share...Financial market regulation and real economy
Challenge Future - Politics and economy need to cooperate
At its annual reception in the Gesellschaftshaus of BASF in Ludwigshafen Deutsches Aktieninstitut, celebrating its 65th anniversary, addressed upcoming future challenges. As honoured guest, the General Secretary of the CDU, Annegret...Investment in shares and securities
Have you already started saving in shares? (in German)
At the day of shares the Deutsche Aktieninstitut reminds the public that with shares - permanently invested - you can earn good returns. It is important not be focused on the right timing of the investment but to invest in shares on a...Investment in shares and securities
The Implementation of Employee Shares Made Easy (in German)
The Deutsche Aktieninstitut and EY have published the “Guideline for the implementation of employee share schemes” today. The Guideline describes the five phases of planning, designing, compliance, communication and administration and...Investment in shares and securities
Number of Shareholders Rises to over more than 10 Millions
In 2017 the number of shareholders and equity fund holders has risen significantly. On an annual average it was almost 1.1 million higher than in the previous year. In total more than 10 million citizens in Germany owned shares or...Investment in shares and securities
„Return-Triangle“ visualises top long-term performance of shares (in German)
Shares are profitable and therefore an attractive financial investment. That impressively illustrates the new “Return-Triangle” of Deutsches Aktieninstitut. It can be downloaded now at www.dai.de. The message is: Shares give good...Financial market regulation and real economy
EU Vice-President Dombrovskis Counts on the Support of Companies as regards the Capital Markets Union
At the reception of Deutsches Aktieninstitut today in Brussels EU Vice-President Valdis Dombrovskis and the president of Deutsches Aktieninstitut Dr. Hans-Ulrich Engel advocated for the integration of European capital markets. The...Investment in shares and securities
Companies Demand more Asset Formation among Employees (in German)
With the „Berlin Appeal for more asset formation among employees” high-level representatives of the German economy and of trade associations call upon the future German government to create a better framework for employee equity...Financial market regulation and real economy
Companies welcome relief brought by Commission’s derivative end-user proposals
Companies welcome the Commission’s commitment to the existing commercial hedging exemption for companies from clearing and margining, and the move to an asset-by-asset class assessment for this exemption. The hedging exemption is...Investment in shares and securities
Share Investment - The Illusionary Giant (in German)
On share´s day Deutsche Aktieninstitut calls for more political commitment for share investments. Shares are an important element for asset building and the old age provisions of the citizens. Therefore it is essential to reduce...Corporate governance and company law
Guiding Principles for the Dialogue between Investor and Supervisory Board (In German)
Deutsches Aktieninstitut supports the new guiding principles for the dialogue between investors and supervisory board published today by the initiative “Developing Shareholder Communication”.Financial market regulation and real economy
The Need for Safety meets Risk Aversion - Bankenverband and Deutsches Aktieninstitut on Safety and Risk (in German)
The joint conference of Bankenverband and Deutsches Aktieninstitut focused on the question whether we need another risk culture in order to find new answers for the current challenges. Alongside other speakers Jürgen Fitschen, Co-Chief...Financial market regulation and real economy
EU-Commission Vice-President Katainen Calls for More Commitment to TTIP at Deutsches Aktieninstitut's Autumn-Reception (in German)
At the traditional Autumn Reception in Brussels Werner Baumann, President of Deutsches Aktieninsitut, and Jyrki Katainen, EU Vice-President and Commissioner for Jobs, Growth, Investment and Competitiveness, emphasized the importance of...Investment in shares and securities
Employee Share-Ownership – Associations call for Political Action (in German)
In its call for action “For an agenda employee share-ownership” published today, ten well-known German associations ask from politicians to improve the general framework of employee share-ownership and to speak up for more employee...Corporate governance and company law
Board of Deutsches Aktieninstitut Confirms Werner Bauman as President (in German)
At its constitutive meeting the newly elected board of Deutsches Aktieninstitut unanimously confirmed Werner Baumann, Chief Strategy and Portfolio Officer of Bayer AG, as President of Deutsches Aktieninstitut.Investment in shares and securities
No Financial Transaction Tax - Now! (in German)
The financial transaction tax is an important agenda item for the franco-German consultations this week. Deutsches Aktieninstitut calls for refraining from the tax as it would seriously harm the real economy and private investors. The...Corporate governance and company law
Deutsches Aktieninstitut is going to become the office for the Government Commission of the German Corporate Governance Code (in German)
Investment in shares and securities
The Financial Transaction Tax – A Wrong Track?
Private investors and the real economy in Germany would be charged with costs ranging from 5.0 to 7.3 billion Euros if the financial transaction tax entered into force. This is the key-finding of an impact study conducted by Deutsches...Investment in shares and securities
Congratulations to 25 years of DAX (in German)
Deutsches Aktieninstitut congratulates to 25 year of DAX: The most famous German stock index does not only visualize the performance of the listed companies, but is an indicator for the development of the German economy as a...In the media
Investment in shares and securities
ZDF heute Sendung programme from 11.04.2025
Dr Franz-Josef Leven, Deputy Managing Director of Deutsches Aktieninstitut, spoke to the ZDF stock market studio for the ZDF heute news programme about 25 years of ETFs and the current turbulence on the stock markets. In the report, he...Investment in shares and securities
n-tv: Telebörse from 4:15 p.m.
We were able to gather important insights in our study ‘With the capital market to the nation of the future. Sweden's success factors’, which we conducted together with the Boerse Stuttgart Group. Henriette Peucker, Chief Executive and...Investment in shares and securities
Tagesschau.de: Criticism of SPD plans for capital gains tax on shares
Dr Norbert Kuhn, Head of Think Tank at Deutsches Aktieninstitut, considers the SPD's proposal to increase the flat-rate withholding tax to 30 percent to be counterproductive. This would result in over 50 percent of capital gains being...Investment in shares and securities
n-tv: SPD wants to tighten the tax screw on investors
The SPD wants to tax investors' profits more heavily in the future. By raising the withholding tax from 25 to 30 per cent, returns will be noticeably reduced. A financial transaction tax for trading in currencies and shares is also...Investment in shares and securities
Strive Magazine: Patience beats greed
In an article for the current issue of Strive Magazine, Henriette Peucker, Chief Executive of Deutsches Aktieninstitut, explains why long-term investing on the capital market is more successful than trying to find the right time to...Investment in shares and securities
Web.de: The MSCI World has crashed – how to react
The current price losses in the MSCI World index fund are unsettling many investors. How should one react to this? Dr Gerrit Fey, Chief Economist at Deutsches Aktieninstitut, advises staying calm: short-term fluctuations are normal,...Corporate governance and company law
HV Magazine: (Climate) transition plans at the AGM. The ‘no’ vote in the Say on Climate
Should shareholders vote on the company's sustainability plan at the Annual General Meeting – in other words, have a say on climate – and what happens if they vote against it? Dr Cordula Heldt, Head of Corporate Governance and...Investment in shares and securities
Update Wirtschaft from 23.01.2025
How long do I have to invest my money for to be on the safe side? This was explained by our head of department for capital markets, Dr Gerrit Fey, in the live broadcast with Melanie Böff on 23 January, using the yield triangles. These...Investment in shares and securities
Börse Online: „Let´s talk about money“
Our Chief Executive and Member of the Board Henriette Peucker talks in an interview with Börse Online about the earnings opportunities of a broadly diversified and continuous investment in equity funds, ETFs and equities. Find out in...Corporate governance and company law
BOARD: Reform of the Annual General Meeting
In a guest article for BOARD – Journal for Supervisory Boards in Germany, our Chief Executive and Member of the Board Henriette Peucker and Dr Sabrina Kulenkamp, partner at Freshfields Bruckhaus Deringer, explain recommendations for...Corporate governance and company law
HV Magazin: Unsatisfactory state of German Annual General Meetings
The Annual General Meetings (AGMs) of listed companies in Germany are formalistic and lengthy, whereas abroad they are usually less formal and shorter. Our Head of Corporate Law Sven Erwin Hemeling and Dr. Sabrina Kulenkamp, partner at...Corporate governance and company law
Neue Zeitschrift für Gesellschaftsrecht (September): Recent developments in Brussels
In his guest article for the Neue Zeitschrift für Gesellschaftsrecht, Jan Bremer, head of our EU liaison office, discusses current developments in Brussels. He reports on the economic policy guidelines of the EU Commission President...Corporate governance and company law
Better Boards Podcast: Insights into the German Corporate Governance Debate
What is the significance of the ongoing debate on Corporate Governance in Germany and the UK in the context of reporting? How can you identify possible expectation gaps of stakeholders and regulators with regard to corporate reporting...Investment in shares and securities
Brigitte Finanzspezial: Let's talk about Dax, Baby
The DAX is an index that tracks the share prices of the 40 largest companies on the Frankfurt Stock Exchange. It rose by 20.3 percent last year and reached a new high of 18,000 points for the first time this year in March. Dr....Investment in shares and securities
dwpbank: Subsidized securities savings – learning from abroad
A state-subsidized retirement savings account could make private pension provision in Germany fit for the future. In a study with dwpbank, the Deutsches Aktieninstitut (German Equity Institute) has worked out what successful models in...Financial market regulation and real economy
GoingPublic: Capital market rules – regulatory marathon continues
With a view to the end of the legislative period, many regulatory initiatives for listed companies are still being finalized in Brussels. In a guest article for GoingPublic, Dr. Gerrit Fey, Head of Capital Markets Department, and Dr....Financial market regulation and real economy
ACI Quarterly – extra: Efficient capital markets are crucial for Europe's competitiveness
For a special edition of the ACI Quarterly magazine on the European elections, Jan Bremer, Head of our EU Liaison Office, takes up our European policy demands in his guest article. According to Bremer, efficient capital markets are an...Financial market regulation and real economy
New Journal of Company Law (May): Recent developments in Brussels
In his guest article for the Neue Zeitschrift für Gesellschaftsrecht, Jan Bremer, Head of our EU Liaison Office, provides an overview of the current status of important dossiers and initiatives shortly before the end of the legislative...Financial market regulation and real economy
Bond Guide: How should the new EU regulation of ESG ratings be assessed?
ESG ratings are becoming increasingly important as a basis for investors' decisions. It is therefore all the more important that the new EU regulation creates more transparency and professionalism in the young market, emphasizes our...Investment in shares and securities
Web.de: Why the DAX keeps reporting new records
Despite the weak economy, the DAX continues to reach new record highs. While the growth forecast for this year currently stands at 0.1 per cent, the DAX already reached the 18,000 point mark in March. Our Deputy Head of Capital Markets...Corporate governance and company law
Neue Zeitschrift für Gesellschaftsrecht: Recent developments in Brussels
In his guest article for the Neue Zeitschrift für Gesellschaftsrecht, Jan Bremer, Head of our EU Liaison Office, discusses the key new developments on sustainability standards, the CSDDD and the anti-money laundering package. He...Investment in shares and securities
Focus Online: How you benefit from your employer and the state
Who is entitled to capital-forming benefits and how are they invested? In principle, every employee is entitled to them, explains our Deputy Head of Capital Markets Department Dr. Norbert Kuhn in a guest article for Focus Online....Investment in shares and securities
Capital supplement Money & Finance 4.0: Germany can share!
In a guest article for the Geld & Finance supplement of inpact Media for Capital, Dr. Gerrit Fey, Head of Capital Markets, reported on the interest in shares, equity funds and ETFs in Germany.12.9 million people were involved in the...Corporate governance and company law
Börsen-Zeitung: The virtual Annual General Meeting - a modern format
In her guest article, Dr. Christine Bortenlänger, Managing Director of Deutsches Aktieninstitut, takes a look at the still young format and highlights the need for further reforms. Of the Dax 40 shareholders, 87 percent were in favor...Corporate governance and company law
We introduce: Our working groups in video clip - Issuer Law and IR Working Group
What does the Issuers, Legal and Investor Relations Working Group do? Dr. Claudia Royé, Head of Capital Markets Law, and Dr. Gerrit Fey, Head of Capital Markets, who head the working group, introduce it in a short video. We published...Investment in shares and securities
Courage finance column: staying power pays off (in German)
In the financial column of Courage magazine, our Managing Director, Dr. Christine Bortenlänger, describes what to look out for when investing successfully in shares on the capital market. The decisive factor here is not the time of...Investment in shares and securities
Börsen-Zeitung: The number of shareholders will continue to rise (in German)
In the interview "The number of shareholders will continue to rise" with Börsen-Zeitung, Dr. Christine Bortenlänger and Dr. Franz-Josef Leven talk to Editor-in-Chief Detlef Fechtner about our commitment to the equity culture in...Investment in shares and securities
Going Public: Employee Shares Pay Off (in German)
The rising numbers of employee shareholders in Germany show that there is growing interest in investing in one's own company, emphasizes Dr. Norbert Kuhn, Head of Corporate Finance, in his guest article in Going Public magazine Special...Investment in shares and securities
Fit4Trading Podcast by DZBank: 9 percent - long breath pays off (in German)
Four out of five adults in Germany do not own shares or ETFs. The aim must therefore be to make shares and equity funds even more popular, emphasizes Dr. Gerrit Fey, Head of Capital Markets, in an interview with Falko Block for DZ...Investment in shares and securities
Deka-Podcast: Money on Her Mind (in German)
If you want to generate high returns in the long term, you can't avoid investing in equities, was one of the messages from Dr. Christine Bortenlänger, Managing Director of Deutsches Aktieninstitut, in the podcast "Money on Her Mind"....Financial market regulation and real economy
GoingPublic: Balancing act between security and transformation
In his article "Balancing act between security and transformation. European Capital Markets Law 2023: Sustainability and Capital Markets Union at the Top of the EU Institutions' Agenda", which appeared in the special "Corporate Finance...Investment in shares and securities
Frankfurter Allgemeine Zeitung: How 250 DM became 50.000 Euros (in German)
In an interview with the Frankfurter Allgemeine Zeitung, Dr. Christine Bortenlänger, Chief Executive Officer, and Dr. Franz-Josef Leven, Deputy Chief Executive Officer, emphasize the importance of an efficient capital market for...Investment in shares and securities
Heilbronner Stimme: Stock investment pays off
In her guest article for the Heilbonner Stimme entitled "Stock investment pays off", Dr. Christine Bortenlänger, Managing Director of the Deutsches Aktieninstitut (German Stock Institute), reports on the attractive yield opportunities...Financial market regulation and real economy
Börsen-Zeitung „Relief in the financing of small and medium-sized enterprises“
In a guest article in Börsen-Zeitung, Dr. Norbert Kuhn, Deputy Head of Capital Markets and Head of Corporate Finance, and Ingo Wegerich, President of Interessenverband kapitalmarktorientierter KMU e.V. and Partner at Luther...Investment in shares and securities
Interview at Tagesschau24: Update Wirtschaft on 16.03.2023 (in German)
"What was your first share?" Dr. Franz-Josef Leven, Deputy Managing Director, talks about this in tagesschau24's "Update Wirtschaft" program. The topics of stock culture in Germany and the stock pension were the subject of an interview...Investment in shares and securities
Vz news: "Investing in shares is not a sprint"
In an interview with VZ Vermögenszentrum, Dr Christine Bortenlänger underlines the superiority of shares as an investment. In phases of high price increases, shares as fixed assets offer good protection against inflation and they...Investment in shares and securities
Update Wirtschaft: Interview with Dr Gerrit Fey
Anne-Catherine Beck spoke with Dr Gerrit Fey about the reasons why shares are an attractive investment and why more and more young people are investing in them. In addition to uncomplicated access to share trading through the...Investment in shares and securities
Going Public: Better through the crisis with employee participation (in German)
Employee share ownership, old-age provision and the tax framework for equity investment - these are urgent issues for the future that must not be pushed into the background despite the current geopolitical challenges, demands Dr...Corporate governance and company law
Capital Online: An Annual General Meeting is not a Zoom Conference
The government draft on the virtual general meeting (AGM) is far from what is practicable and in the interest of shareholders and companies. As a result, the government draft on the virtual AGM shifts all the deficits of the...Investment in shares and securities
FOCUS-MONEY: "It's better to speculate than not to invest" (in German)
Interviewed by Heike Bangert from Focus Money, Dr. Christine Bortenlänger spoke about topics related to shares. She emphasised that we in Germany have a lot of catching up to do when it comes to saving for shares compared to countries...Corporate governance and company law
Frankfurter Allgemeine Zeitung: Saving the virtual AGM (in German)
The government draft on the virtual general meeting follows the idea of transferring the analogue general meeting one-to-one into the digital world, criticises Dr Christine Bortenlänger. However, when anchoring the virtual AGM as an...Financial market regulation and real economy
Going Public: Developments in Capital Markets Law - Keeping an Eye on the Overall Burden for Companies
What 2022 has in store for companies in the area of capital market law was outlined by Dr Uta-Bettina von Altenbockum and Dr Gerrit Fey in their contribution to GoingPublic's Corporate Finance Law Special. In addition to the EU Listing...Investment in shares and securities
Badische Neueste Nachrichten: "It's a marathon" (in German)
In an interview with Dirk Neubauer, Dr. Christine Bortenlänger emphasises that building up wealth with shares is a marathon with ups and downs. What is important at the end of the day, she says, is that investors feel comfortable with...Corporate governance and company law
Echtgeld.tv (Youtube): Discussion on the virtual AGM (in German)
On the occasion of the draft bill of the Federal Ministry of Justice on the virtual general meeting, Dr Christine Bortenlänger talks to the Youtube hosts Tobias Kramer and Christian W. Röhl about the planned regulations. The central...Investment in shares and securities
Zeitschrift für das Gesamte Kreditwesen: Tutoring for Germany (in German)
Economic knowledge and financial literacy ensure increasing prosperity and are central building blocks for a self-determined society. However, Germany is struggling to recognise this and take the necessary steps, write Dr. Christine...Investment in shares and securities
marktEINBLICKE: Outlook 2022 (in German)
How the stock market year 2022 develops also depends to a large extent on the traffic light government. Will it get a grip on problems like Corona? What impulses will it provide on the world political stage? But four state elections,...Investment in shares and securities
Capital/GELD: Shares via App (in German)
The stock market has reached the pocket. Inexpensive apps make it easier for young investors to get started on the stock market and financial influencers get young people excited about the stock market & co, writes Donato Di Dio in his...Corporate governance and company law
HV-Magazin: Covid AGM remains - On to the next round! (in German)
In his contribution, Dr Franz-Josef Leven welcomes the fact that the legislator has extended the virtual general meeting until the end of August 2022. The extension of the COVID law was necessary because it is not foreseeable whether...Investment in shares and securities
Börse am Sonntag (Anlagetrends): Rejuvenation for the DAX (in German)
More than 30 years after its foundation, the German leading index DAX was expanded from 30 to 40 stocks. However, the MDAX is losing its heavyweights as a result of the reform, criticises Dr. Christine Bortenlänger. No matter which...Investment in shares and securities
Deka: From investing to meaningful investment (in German)
Dr. Christine Bortenlänger and the Head of Economics at Deka Bank, Dr. Holger Bahr, spoke with business journalist Patrick Dewayne about the future of the securities culture. Topics included the attractiveness of shares for asset...Corporate governance and company law
Going Public: Modernisation of the Annual General Meeting is overdue
Digitalisation makes it possible for shareholders to attend shareholder meetings of German companies from anywhere in the world. To ensure that companies can continue to use the virtual format, politicians must address the reform of...Corporate governance and company law
Going Public: Prudent Sustainable Corporate Governance Necessary (in German)
The EU Commission is proposing that companies should be obliged to balance the interests of all their stakeholders. However, such a general obligation will not lead to companies being managed more sustainably, criticises Dr. Cordula...Investment in shares and securities
€URO-Magazin: "Nobody needs the financial transaction tax" (in German)
A new Bundestag will be elected at the end of September. In the €URO interview, Dr. Franz-Josef Leven talks about the election programmes of the parties and what they mean from a shareholder's point of view. In particular, he...Corporate governance and company law
Going Public: No successful BaFin reform without reform of its financing! (in German)
In the wake of the Wirecard affair, a reform of the German Federal Financial Supervisory Authority (BaFin) is pending. The Balance sheet control is to be reorganised and removed from the German Financial Reporting Enforcement Panel....Investment in shares and securities
Going Public: Fighting financial illiteracy in Germany (in German)
Financial literacy is an important part of general education. Yet the subject of economics ekes out a shadowy existence in many schools. What is needed is a fundamental understanding of economics and finance, taught by well-trained,...Financial market regulation and real economy
Süddeutsche Zeitung: Expectations for a sustainable fiscal and monetary policy in Germany and Europe (in German)
Together with Edmund Stoiber, Peer Steinbrück and other authors, Dr. Christine Bortenlänger calls for a turnaround in economic and financial policy. Among other things, the German government should reduce new debt and return to...Investment in shares and securities
hkp: Employee equity ownership receives better framework conditions
The Finance Committee of the German Bundestag has decided to increase the tax allowance for employee equity ownership to 1,440 euros. In an interview with Constantin Härthe, Dr Norbert Kuhn welcomes the increase as progress, but...Financial market regulation and real economy
Tagesspiegel: 3:0 for England
In her contribution, Dr. Christine Bortenlänger calls for politicians to better involve the business community in overcoming the Corona crisis, but also in solving other challenges. The United Kingdom is a model for good cooperation....Corporate governance and company law
BOARD: Reform of the Annual General Meeting to be tackled before the Bundestag elections
The general meeting of the future must be made fit for the future, state Dr Christine Bortenlänger and Sven Erwin Hemeling. This requires a legal framework that safeguards investor rights and at the same time creates legal certainty...Investment in shares and securities
Börse am Sonntag: Saving stocks is very popular
The shareholder boom brought Germany almost three million new equity savers. Interest in equity funds was particularly strong. In her article, Dr Christine Bortenlänger explains the reasons for the increased interest in funds and ETFs...Investment in shares and securities
Going Public: Lucrative Employee Shares
In the course of the general shareholder boom in 2020, the number of employee shareholders has also increased significantly. However, in order to turn this development into a long-term trend, further political support is needed, says...Investment in shares and securities
ZDF "Volle Kanne": New generation of shareholders
In the Corona crisis, Germans have discovered their love for stocks. The number of shareholders is as high as it was 20 years ago. The magazine "Volle Kanne" interviewed experts on this topic in a feature. Dr Gerrit Fey outlines the...Financial market regulation and real economy
Going Public: Outlook 2021 - Developments in Capital Markets Law
As in previous years, sustainable finance is a top priority for the EU Commission in 2021. In his guest article, Maximilian Lück calls for the EU Commission to step up the pace on the issue of the Capital Markets Union. The companies...Corporate governance and company law
Frankfurter Allgemeine Zeitung: Well meant! Well done?
The President of Deutsches Aktieninstitut, Dr Hans-Ulrich Engel, subjects the newly adopted "Finanzmarktintegritätsstärkungsgesetz" to a practical check. He describes the risks of short rotation periods, calls for advisory services not...Corporate governance and company law
Börsen-Zeitung: Financial market integrity - Not at the expense of compliant companies!
With the recently discussed Financial Market Integrity Strengthening Act (Finanzmarktintegritätsstärkungsgesetz), the political processing of the Wirecard case is entering the decisive phase. In her contribution, Dr Christine...Investment in shares and securities
Inpact Media: Have young people suddenly discovered the stock market?
Corona has given an additional boost to the youth trend that Deutsches Aktieninstitut has been observing in stock investing since 2014, states Dr Franz-Josef Leven. Corona lockdown, more free time, social media and financial...Corporate governance and company law
HV-Magazin: Legal uncertainty at an unseasonable time
The short-term rule changes for the virtual general meeting at the end of 2020 have led to uncertainty among companies, especially with regard to the newly introduced right to ask questions. According to Dr Franz-Josef Leven, it would...Corporate governance and company law
Der Aufsichtsrat: The future of shareholder meetings - Updates are needed
The traditional general meeting needs an update. Dr Christine Bortenlänger and Sven Erwin Hemeling outline in their article how the general meeting can be further developed so that companies can hold physical and virtual general...Investment in shares and securities
marktEINBLICKE: Light and shadow in the new stock market year
The stock market world will also have to live with imponderables in 2021. In addition to Corona, six German state elections and the federal elections in September will provide sufficient excitement in the new year. If you want to relax...Column
Financial market regulation and real economy
Capital markets as a lever for Europe's competitiveness and economic transformation
In June, the citizens of the EU will vote in the European elections to determine the composition of the new EU Parliament. The newly elected Parliament and the next European Commission have important tasks ahead of them: in addition to...Investment in shares and securities
Trend barometer Shareholder Numbers
Just as a barometer measures air pressure, our Shareholder Numbers show the state of share culture in Germany. Many exciting developments can be tracked in this way. How has the number of young investors developed in recent years? And...Financial market regulation and real economy
More transparency in ESG ratings (In German)
We all went to school and remember how important it was that grades be awarded fairly. The criteria for awarding them should be transparent and applied consistently and understandably by teachers. That's what ESG ratings are all about....Corporate governance and company law
New structure in the fight against money laundering and terrorist financing (in German)
In the fight against money laundering, the Financial Action Task Force (FATF) gave the German government a poor report card in August 2022. A fragmented authority structure and a focus on predicate offenses such as theft or fraud...Corporate governance and company law
Efficient capital markets - more ambition needed for EU Listing Act
One thing must be clear to all of us: An efficient capital market is an essential prerequisite for meeting future challenges such as digitization and the fight against climate change. Such a capital market enables the financing of...Investment in shares and securities
Employee shares: Side-effect-free entry drug into the stock market (in German)
According to the key points of the Zukunftsfinanzierungsgesetz presented by the ministries of finance and justice at the end of June, the tax allowance for employee share ownership, for example employee shares, is to rise from the...Investment in shares and securities
Zukunftsfinanzierungsgesetz: Holistic approach to the capital market (in German)
The key points for the Zukunftsfinanzierungsgesetz presented by Federal Minister of Finance Lindner and Federal Minister of Justice Buschmann provide important impulses. Whether tax-free capital gains or a higher employee capital...Investment in shares and securities
#breakthebias - Finances are also women's business (in German)
This year's International Women's Day is themed #breakthebias. When it comes to finances, it is also time to overcome outdated clichés. Finances are not a man's business, quite the opposite: women should go about it with...Investment in shares and securities
Germans stay the course when it comes to investing in equities (in German)
2021 was a good year for the equity culture in Germany. Almost 12.1 million equity savers were invested in shares or equity-based funds last year. Around every sixth person is thus involved in the stock market. Confidence in shares is...Financial market regulation and real economy
What 2022 will bring for the capital market and the equity culture (in German)
Inflation, a new government and ambitious political projects: 2022 could bring many surprises. What does the new year hold in store for the capital market and equitiy culture? Please find the German column here.Investment in shares and securities
The new coalition is ready to go (in German)
The new federal government took office today. In order to achieve the goals it has set for itself, it has to get started right away, because the renewal of the state or Germany's climate neutrality are already mammoth tasks. Birgit...Financial market regulation and real economy
Stop the sweet poison! (in German)
5,400,000,000 and 0. These two numbers are emblematic of the fiscal and monetary policy packages that the countries of Europe and the European Central Bank have put together to ward off the various crises of recent years. But the...Corporate governance and company law
Modernisation of the General Assembly needed (in German)
Corona has made us realise that the Annual General Meeting needs to be modernised. This is not just a matter of anchoring the virtual General Meeting in the Stock Corporation Act as an equivalent alternative to the General Meeting with...Corporate governance and company law
Cautious sustainable corporate governance needed (in German)
The EU Commission plans that companies should pay more attention than ever to their environment and stakeholders in the interest of sustainability. A new federal government must urgently push for more common sense in this...Corporate governance and company law
No successful BaFin reform without a reform of its financing! (in German)
As a result of the Wirecard case, a reform of the Federal Financial Supervisory Authority (BaFin) is on the agenda. The Balance sheet control is to be reorganized and transferred from the German Financial Reporting Enforcement Panel....Investment in shares and securities
Combating financial illiteracy in Germany (in German)
Financial literacy is an important part of general education. Nevertheless, economics remains a neglected subject in many schools. A call for better financial education in Germany. „Ich bin fast 18 und hab‘ keine Ahnung von Steuern,...Corporate governance and company law
The Annual General Meeting of the future is (also) virtual (in German)
For 150 years, shareholders and management met physically at face-to-face AGMs. Then Corona appeared, and the virtual AGM replaced the face-to-face meeting overnight. The discussion about the greater use of digital opportunities has...Corporate governance and company law
Wirecard legislation: two-tier balance sheet control must remain (in German)
A new law is intended to restore confidence in Germany as a financial centre following the Wirecard scandal. In the Finance Committee of the Bundestag, our colleague, Dr Gerrit Fey, represented the position of capital market-oriented...Investment in shares and securities
Stocks conquer the pockets of young shareholders (in German)
Our latest shareholder figures show: In 2020, more than 12 million people owned shares, equity-based funds or ETFs. That is an increase of almost 3 million people. Younger people have also invested courageously in the stock market. Is...Corporate governance and company law
HV conference wrap-up: "Controlled experimentation" (in German)
Hardly any other topic is currently stirring up more emotions among the stakeholders of the capital market than the question of how to proceed with the annual general meeting in the future. Our conference "Annual General Meeting Today...
