No Audit Obligation of the Supervisory Board! - Transposition of European CSR-Directive to Be Finalized (In German)

Deutsches Aktieninstitut welcomes the objective of the government draft bill for a ‘one to one’-transposition of the European CSR Directive into German law. This intention should be pursued in an even more consistent manner. From the point of view of Deutsches Aktieninstitut especially two aspects have to be adjusted in the following legislative process. The audit obligation of the supervisory board has to be removed and the level of sanctions for misconduct as regards the preparation of the nonfinancial statement has to be reduced.