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Press releases

Investment in shares and securities

New study "Generation Aktie" shows: Young investors invest long-term and regularly in equities and ETFs (in German)

The young generation relies on equity funds and equity-based ETFs. She informs herself online in social media and saves for asset accumulation and retirement provision. This is the result of a study by the Center for Research in...

Sustainability

European sustainability standards at risk of becoming a bureaucratic monster (in German)

In its statement on the consultation on European sustainability standards published today, Deutsches Aktieninstitut calls for the standards to be streamlined and more practicable. Furthermore, convergence with the sustainability...

About us

Bremer heads EU liaison office (in German)

Jan Bremer is the new Head of the EU Liaison Office of Deutsches Aktieninstitut in Brussels since 1 August 2022. In his function, he represents the around 200 member companies and strengthens the dialogue with European politics. ...

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...

Retirement provision

Zukunftsfinanzierungsgesetz aims to bring shares into the centre of society (in German)

The Federal Minister of Finance and the Federal Minister of Justice today presented key points for a Zukunftsfinanzierungsgesetz. Deutsches Aktieninstitut welcomes this initiative, which is intended to make shares more attractive as an...

Corporate governance and company law

Draft law for virtual AGMs fails at the public hearing within the German Bundestag (in German)

The hearing of experts on the introduction of virtual general meetings took place today in the Legal Affairs Committee of the German Bundestag. It once again made clear that the draft law on the introduction of virtual general meetings...

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...

About us

Europe must position itself strategically (in German)

In view of the war in Ukraine and the accompanying political and economic upheavals, Bundesbank Executive Board member Burkhard Balz and the President of Deutsches Aktieninstitut Dr Hans-Ulrich Engel demanded strength through joint...

About us

GermanDream receives the Meritum Förderpreis der Deutschen Wirtschaft (in German)

Deutsches Aktieninstitut honours the initiative GermanDream with the Meritum Förderpreis der Deutschen Wirtschaft. The founder Düzen Tekkal has made an outstanding contribution to democracy and the social market economy with her...

Corporate governance and company law

Virtual Annual General Meetings: Missing the practical mark - revision urgently needed! (in German)

The draft law on the introduction of virtual general meetings introduced by the Federal Cabinet does not stand up to a practical test and urgently needs to be improved, demand the Deutsches Aktieninstitut together with BDI, Bitkom,...

About us

Klaus-Dieter Sohn heads the Legal Department at Deutsches Aktieninstitut (in German)

Klaus-Dieter Sohn has been the new Head of the Legal Department at Deutsches Aktieninstitut since 2 May 2022. In his new function, he strengthens the capital market law expertise of Deutsches Aktieninstitut with its more than 200...

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...

Sustainability

For global and coordinated sustainability standards

French and German companies deem it crucial that they should be involved in the development of future sustainability reporting standards by the International Sustainability Standards Board (ISSB). For this reason, the President of...

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...

Sustainability

Engel welcomes establishment of the International Sustainability Standards Board in Frankfurt (in German)

The President of Deutsches Aktieninstitut, Dr Hans-Ulrich Engel, today signed a Memorandum of Understanding for the start-up financing of the newly founded International Sustainability Standards Board together with representatives of...

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...

Sustainability

Frankfurt will become headquarters of the new International Sustainability Standards Board

Deutsches Aktieninstitut welcomes the decision of the IFRS Foundation to locate the International Sustainability Standards Board in Frankfurt. This offers the opportunity to achieve the necessary convergence between international and...

Retirement provision

Ampel-Koalition must realign funded pension provision (in German)

The top priority for the coming federal government must be the introduction of a low-cost, equity-based funded pension scheme. A recent paper by Deutsches Aktieninstitut and the Federation of German Consumer Organisations (vzbv) in...

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...

About us

Engel re-elected President, Peter newly elected to the Executive Committee (in German)

At the General Assembly of Deutsches Aktieninstitut, which takes place every two years, the Executive Committee was newly elected today. From among its members, the Committee elected the Presidium, which now has 13 members with the new...

Capital market financing

Aktieninstitut for strengthening the German capital market (in German)

In order to successfully master the challenges of climate change and the necessary transformation of the economy, the next German government must rely on the capital market, demands Dr Hans-Ulrich Engel, President of Deutsches...

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...

Sustainability

International Sustainability Standards Board to Frankfurt (in German)

Deutsches Aktieninstitut and its members support the application of Frankfurt as financial center to host the proposed International Sustainability Standards Board. As one of the leading international financial centers and headquarter...

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...

Corporate governance and company law

Assuring the quality of the statutory audit - recommendations from practice (in German)

Industry knowledge, professional experience and tone from the top play a key role in audit quality. This is shown by the study published today by Deutsches Aktieninstitut "Audit Quality Indicators & Beyond", which looks at the topic of...

Sustainability

Support offered for work on EU sustainability reporting standard (in German)

In order to enable globally operating companies to efficiently report on sustainability, Deutsches Aktieninstitut calls for the planned EU standard to be aligned with international requirements and standards. The member companies of...

Capital market financing

Stock buybacks are an important instrument of equity management (in German)

German Press Release: The acquisition of own stock reduces a company's equity capital. At first glance, this makes little sense, as it seems to contradict the purpose of equity financing - raising capital. That this is not the case is...

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...

Brexit

Setting the right priorities (in German)

With a view to the third round of negotiations on the future partnership between the European Union and Great Britain, Deutsches Aktieninstitut demands in its current position paper that the negotiators set priorities. Market access...

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...

Capital market financing

Deutsches Aktieninstitut, DDV and DSW: Total losses from securities transactions must continue to be recognized for tax purposes (in German)

Considering investor protection and private old-age provision, Deutsche Aktieninstitut, Deutsche Derivate Verband (DDV) and DSW (Deutsche Schutzvereinigung für Wertpapierbesitz) jointly call on the Grand Coalition to revise the income...

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...

Retirement provision

A Safe Pension with Equities

In other countries, shares make a significant contribution to securing the standard of living of people in old age. This is the result of a study published today by Deutsches Aktieninstitut entitled "Altersvorsorge mit Aktien...

About us

Hans-Ulrich Engel Re-Elected as President of Deutsches Aktieninstitut (in German)

At today's General Meeting and Management Meeting, the executive committee and managing board of Deutsches Aktieninstitut were newly elected. Dr. Hans-Ulrich Engel, Vice Chairman and CFO of BASF SE, was confirmed as President for a...

Capital market financing

Deutsches Aktieninstitut is committed to interaction between European institutions and companies (in German)

With a view to the European elections on May 26, the President of Deutsches Aktieninstitut, Dr. Hans-Ulrich Engel, calls for more unity and confidence. The challenges facing Europe can only be mastered together and the European economy...

Investment in shares and securities

Friedrich von Metzler receives the Meritum Ehrenpreis der Deutschen Wirtschaft 2019 - the Förderpreis is awarded to Rock it Biz (in German)

Deutsches Aktieninstitut awards Friedrich von Metzler for his outstanding civic commitment and his commitment to the social market economy with the Meritum prize of the German Economy. The banker receives the honorary prize for his...

Sustainability

Sustainability Becoming Mainstream for Investors

Besides the usual financial criteria, environmental and social topics, as well as corporate governance, are becoming ever more important to institutional investors when valuing companies and making investment decisions. A study...

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...

Brexit

Hard Brexit: Ensure Risk Heding of non-financial Companies with Derivatives (in German)

The Deutsche Aktieninstitut and the Association of German Chambers of Industry and Commerce (DIHK) state in their comments on the German draft bill on fiscal measures accompanying the Brexit that the legislator has to ensure the risk...

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...

Compliance

Less Legal Certainty and More Bureaucracy – The European Market Abuse Regulation in the Practical Test (in German)

Companies are pleading for more precise legal provisions on ad-hoc publicity and less red tape regarding insider lists and managers´ transactions. This shows the survey “Two Years of EU Market Abuse Regulation”, which has been...

Brexit

Politics and Business Are Called Upon to Revive the European Spirit (in German)

The chairman of the Committee on Foreign Affairs, David McAllister, and Christopher Delbrück, Member of the Board of Deutsches Aktieninstitut, demand to strengthen the democracy and the entrepreneurial freedom in the European Union in...

Investment in shares and securities

Happy Birthday DAX – New Return Triangle Shows the Attractiveness of Regular Investments in Shares (in German)

On the occasion of the 30th anniversary of the German share index DAX Deutsches Aktieninstitut presents its new DAX-Return Triangle for the long-term monthly financial investment.   You can download the Return Triangle here. ...

Capital market financing

Smaller Companies Need to Prepare Themselves Better for a Possible Takeover

How do German listed companies assess the likelihood of becoming the target of a takeover? How well prepared are they? Do they plan to buy a listed company? Answers to these questions delivers the survey “Ready for Takeover?” published...

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...

Compliance

The New Deal for Consumers: An Open Door to Abusive Litigation

French, German and Italian companies fear that the European Commission’s proposal on collective redress will end up in abusive litigation. Combining a high level of consumer protection with the proper functioning of the internal market...

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...

Brexit

German Trade Associations Publish Brexit Compendium

Renowned German trade associations today have published a digital, cross sectoral “Brexit compendium”, with the aim of bundling the interests of the German economy .The position papers of participating trade associations on Brexit can...

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...

Brexit

Brexit: Transitional Agreements Now! (in German)

Today, Deutsches Aktieninstitut has published its second position paper on the Brexit negotiations. As the time for negotiations is advanced, Deutsche Aktieninstitut calls upon the negotiators to agree on transitional agreements in...

Capital market financing

„Wahlprüfsteine“ of Deutsches Aktieninstitut for the German Parliamentary Election 2017 (in German)

Issues regarding capital markets have in future to be placed much higher on the political agenda. Deutsches Aktieninstitut has inquired what the political parties have in mind with regard to important capital market matters and has...

Capital market financing

Whoever wants to lead has to speak clearly (in German)

Deutsches Aktieninstitut calls upon political parties to show more support for important capital market issues like a share oriented old age provision and more IPOs in Germany. The responses of the political parties to the...

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

German Parliamentary Elections 2017 – Sending a Strong Signal for Shares (in German)

Shares support the asset building of Germans and are indispensable for corporate finance. In its position paper for the German parliamentary elections, published today, Deutsches Aktieninstitut calls upon the political parties to...

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...

Brexit

Minimise Brexit Risks and Strengthen the European Capital Market (In German)

In its position paper “Exit negotiations between the European Union and the United Kingdom: Minimise Brexit Risks and Strengthen the European Capital Market” published today, the Deutsche Aktieninstitut submits proposals to the...

Investment in shares and securities

Number of Shareholders Remains Stable at Nine Million - Politicians Are Called Upon to Act (in German)

The number of shareholders and private investors in equity fonds has remained stable, as Deutsches Aktieninstitut notes in its study on the number of shareholders published today. In the annual average the number was just under nine...

Investment in shares and securities

„Return-Triangle“ Sends a Clear Message: The Country Needs More Shares (in German)

Shares are profitable and are 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...

Retirement provision

For the Future Functioning of Old Age Provisions in Germany Shares Are Essential (in German)

“For the Future Functioning of Old Age Provisions in Germany Shares Are Essential”: This is the result of the study “Securing the Standard of Living in Old Age – Reducing the Pension Gap with Shares” published today by Deutsches...

Capital market financing

Deutsches Aktieninstitut Demands Closer Integration of European Capital Markets (in German)

In its latest position paper “Accepting Challenges – Moving Ahead: Deeper Integration of EU-Capital Markets despite the Brexit Vote” Deutsches Aktieninstitut is committed to ensuring, that the European Capital Markets Union is pursued...

Investment in shares and securities

Baumann Calls on Politics and Economy to Strengthen the European Union (in German)

At the autumn reception of Deutsches Aktieninstitut, held today in Brussels, Werner Baumann, President of Deutsches Aktieninstitut and CEO of Bayer AG, requested more support for Europe. Politics and economy had together to convince...

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”.

Investment in shares and securities

Hessian Finance Minister Schäfer: „Employee shares offer above-average returns” (In German)

At a conference of the Deutsches Aktieninstitut and the Global Equity Organization the Finance Minister of Hesse Dr. Thomas Schäfer and Hauke Stars, Member of the Executive Board of Deutsche Börse AG, discussed an increased employee...

Capital market financing

Brexit: Something Has to Happen – Keep on as Usual is not an Option! (in German)

After the decision of the British voters to leave the European Union Deutsches Aktieninstitut demands of the German politicians to rapidly implement measures improving the framework conditions for capital markets in Germany. This is...

Investment in shares and securities

Baumann Is Calling for an Improved Inclusion of Shares in Retirement Provisions (in German)

This year the traditional reception of Deutsches Aktieninstitut took place at the Tropicarium of BAYER CropScience AG in Monheim. Besides Werner Baumann, President of Deutsches Aktieninstitut, Professor Dr. Axel Weber, Chairman of the...

Investment in shares and securities

Positive Signals for Equity Culture: Number of Shareholders Rises in 2015 (In German)

The number of shareholders and private investors in equity funds in Germany increased by 560.000 in 2015, as has been shown in a study of Deutsches Aktieninstitut on the number of shareholders published today. In total we have now well...

Investment in shares and securities

Updated "Return-Triangle" published – Don´t Get Upset by Drops in Share Prices (In German)

As the Return-Triangle of Deutsches Aktieninstitut shows, shares or equity funds are perfectly suited for wealth building. The updated version illustrating the development of prices and dividends in 2015 is available for download at...

Capital market financing

Deutsches Aktieninstitut: Fast Implementation of IPO Round Table's Action-Points is needed (in German)

The final report of the Round Table “More IPOs of young growth companies in Germany” has been presented at the end of September. In its Paper, published today, Deutsches Aktieninstitut submits proposals how the recommendations of the...

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...

Investment in shares and securities

Share investment is a Matter of Mindset – New Study about the Attitude of Germans towards Shares (in German)

Misunderstandings, prejudices and uncertainties influence the relationship of Germans to share investments. This has been ascertained by a study of Deutsches Aktieninstitut and Stuttgart Stock Exchange, examining the attitude of...

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

Despite the Ongoing Bull Market the Number of Shareholders in Germany is Declining (in German)

In 2014 about half a million people bid their shares or shares in funds farewell. Despite rising prices at the stock exchanges the number of share investors dropped the second year in a row. Only 8.4 million Germans, i.e. about 13...

Investment in shares and securities

New edition of the stock return triangle - shares promote private wealth building in the long run (in German)

Shares and equity funds promote wealth building of private households. This is demonstrated by the stock triangle of Deutsches Aktieninstitut, which visualizes the peformance of the companies of the DAX over the past 50 years. The new...

Capital market financing

Strengthening the IPO Market in Germany (in German)

An intelligent regulatory framework is needed in order to better mobilize capital for IPOs. This is the key message of Deutsches Aktieninstitut in its positionpaper “The Stock Exchange - Strengthening the Engine for Growth: Mobilizing...

Investment in shares and securities

More enthusiasm for employee shares – simplification of regulatory framework and extension of tax relief needed (in German)

In its position paper “More enthusiasm for employee shares in Germany: Adequate Incentives – Less Obstacles” published today, Deutsches Aktieninstitut sees a need for politicians to engage more in the support of employee share-schemes....

Capital market financing

"Without Capital Markets No Growth in Europe" (in German)

At the traditional Brussels reception of Deutsches Aktieninstitut the new EU Commissioner for Financial Stability, Lord Hill, and Markus Ferber, MEP, delivered speeches to more than 200 guests. Werner Baumann, President of Deutsches...

Investment in shares and securities

President of Deutsches Aktieninstitut rejects financial transaction tax (in German)

At the annual reception of Deutsches Aktieninstitut today, Werner Baumann, President of Deutsches Deutsches Aktieninstitut, called for dropping ultimately the plans to introduce a financial transaction tax in EU. The complete press...

Investment in shares and securities

Deutsches Aktieninstitut critisizes the Proposal on a Reform of the Shareholder Rights Directive (in German)

The complete press release can be downloaded in German below.

Investment in shares and securities

Number of shareholders declining: Aktieninstitut warns about negative long term consequences for private wealth building (in German)

Last year 600.000 people less than 2012 were invested in shares or equity funds. This is the key finding of the most recent shareowner statistics of Deutsches Aktieninstitut. Only 8.9 million Germans placed private savings into shares...

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...

Investment in shares and securities

Deutsches Aktieninstitut surveys status quo of employee shareownership in Germany (in German)

The complete press release in German is available for download below.

Publicity and transparency

Deutsches Aktieninstitut and PwC publish study on the enforcement of financial information by the Deutsche Prüfstelle für Rechnungslegung (in German)

The German enforcer, the Deutsche Prüfstelle für Rechnungslegung (Financial Reporting Enforcement Panel) has been assigned high marks / high intensity of examinations and critique for tight time limits / Influence on accounting...

Corporate governance and company law

Deutsches Aktieninstitut will provide the office of the Commission German Corporate Governance Code (in German)

In today's general meeting the members of Deutsches Aktieninstitut decided to provide the office of the Commission German Corporate Governance Code in the future. As an instrument of self-regulation the German Corporate Governance Code...

Investment in shares and securities

Number of shareholders on the rise, number of investors in equity funds down (in German)

In the first half of the year 2013 the number of direct shareholders has increased by 7.1 percent. Compared to 2012 additional 323.000 people have decided to invest in shares, so that there are now 4.9 million direct shareholders in...

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 whole. ...

Investment in shares and securities

Financial Transaction Tax will hurt massively the companies of the real economy (in German)

The financial transaction tax will cause massive burden for the real economy. In an analysis Deutsches Aktieninstitut calculated the impacts of the new tax on 24 large German companies. Even under conservative assumptions the estimated...

Sustainability

German minister Peter Altmaier calls for stable conditions for investors in energy infrastructure (in German)

In the media

Investment in shares and securities

hr-Info: Losing for the first time - How do young people fare on the stock market?

In an interview  with hr-Info, Dr Gerrit Fey explains why more young people have discovered the stock market for themselves in 2020. Technical achievements, social media and Corona were important factors for this. In addition, more and...

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

FAZ insert: Even in phases of weak stock markets, it pays to keep investing (in German)

The war in Ukraine has changed the environment for shares. Nevertheless, assets such as shares have not become less attractive, emphasises Dr Christine Bortenlänger in an interview. The returns on the stock market are attractive enough...

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...

Corporate governance and company law

BOARD: Designing legal regulations for virtual general meetings in a sensible way (in German)

The legislator has presented a draft bill on the introduction of virtual AGMs of public listed companies, with which the government wants to create a seamless transition in time from the regulations on virtual general meetings under...

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

Ideas: Shares give people a share in the success of the economy - Interview with Dr. Franz-Josef Leven, Deputy Managing Director of Deutsches Aktieninstitut

What is the state of the equity culture in Germany? In an interview with the ideas magazine of Société Générale, Dr. Franz-Josef Leven talks about the questions of whether dividends are the better interest rate in times of high...

Investment in shares and securities

Ntv podcast "What the finance": Meaningful shopping on the stock exchange (in German)

What are shares actually, how many shareholders are there in Germany, what is the best way to invest and "are women at some point too old to buy shares"? In an interview with Sabrina Marggraf, Dr Christine Bortenlänger talks about the...

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...

Sustainability

REthinking Finance: Without sufficient capital, the sustainability transformation will not succeed!

In the interview, Dr Christine Bortenlänger and Dr Michael Völter, the former CEO of the Stuttgart Stock Exchange, give an overview of the main results of the joint study "Corporate Finance in the Sign of Sustainability - What ESG...

Investment in shares and securities

FinanzBusiness: "Many in Germany can learn from their grandmothers and grandfathers".

In 2021, almost 12.1 million people in Germany were invested in shares, equity funds or ETFs - the third highest level since our survey began in 1997. In an interview with Sonja Ingerl, Dr Gerrit Fey talks about the new shareholder...

Investment in shares and securities

Capital: "Since the financial crisis we count almost four million new shareholders" (in German)

In 2021, almost 12.1 million people in Germany were invested in shares, equity funds or ETFs - the third highest level since our survey began in 1997. In an interview with Nadine Oberhuber, Dr. Christine Bortenlänger talks about the...

Capital market financing

Bankenverband: Shares - the ideal instrument for old-age provision and asset formation (in German)

According to the coalition agreement, the new federal government wants to strengthen the capital cover in old-age provision. In his contribution, Dr. Norbert Kuhn explains the advantages of investing in shares and how they can be used...

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,...

Retirement provision

Going Public: "Prejudices against shares are reduced" (in German)

With the introduction of funded pensions, the current pension system is to be restructured according to the ideas of the new traffic light government. But what are we to think of a statutory equity pension? This would lead to positive...

Capital market financing

Audit Committee Quarterly: From quarry pond to ocean - growth financing in Germany (in German)

Growth companies often go to the US to raise money for research and innovation from investors because of the well-developed US ecosystem. This is mainly due to financially strong investors such as pension funds. The German ecosystem,...

Sustainability

BOARD: Sustainability reporting - the next level!

In their contribution to BOARD, Dr. Christine Bortenlänger and Dr. Uta-Bettina von Altenbockum deal with the status quo of sustainability reporting. Although the EU taxonomy has not yet been finalised, the EU is already working on the...

Capital market financing

Börsen-Zeitung: Securing pensions and growth financing - two birds with one stone (in German)

The new federal government has it in its hands: more shares in old-age provision can secure people's standard of living in old age and at the same time improve the financing of growth companies. In addition, the stock corporation law...

Investment in shares and securities

Going Public (Spezial Mitarbeiterbeteiligung): Employee Share Ownership - Set the Traffic Light to Green (in German)

Since the middle of the year, a higher tax allowance for employee share ownership has been in effect. However, the new traffic light coalition should also remove regulatory hurdles, demands Dr Norbert Kuhn in his article for Going...

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

Audit Committee Quarterly: Audit quality assessment requires structured discussion in the audit committee (in German)

In future, audit committees will have to deal with the quality of the audit. How this is to be assessed, however, is left open by the legislator. Audit quality indicators are an appropriate means of assessment, as the Deutsches...

Investment in shares and securities

Zeitschrift für das gesamte Kreditwesen: New government must set impulses per share (in German)

Germany is still far behind in terms of the number of its shareholders in an international comparison, criticises Dr Christine Bortenlänger. However, shares with their attractive returns are crucial for successful asset accumulation...

Retirement provision

Deutschlandfunk Kultur: "Let's go - tackle!" (in German)

In an interview with Deutschlandfunk, Dr. Christine Bortenlänger talks about her expectations of the new federal government. The new traffic light coalition has addressed many issues correctly on the basis of the exploratory paper -...

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...

Capital market financing

Börse München (Südseiten): Strengthening Germany as a Financing Location

"Why do vaccine manufacturers like BioNTech SE or CureVac go public in the USA, even though they were co-financed here in Germany with German taxpayers' money?" asks Dr Norbert Kuhn in his article. The conclusion: more capital via...

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...

Retirement provision

Going Public: A new start in pension policy is possible (in German)

Pensions play a rather subordinate role in the Bundestag election campaign. In their article, Dr Norbert Kuhn and Donato Di Dio write that there are good proposals from the various parties on how pensions with shares can be made more...

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

Audit Committee Quarterly extra: Sustainable Corporate Governance - Is the environment "in itself" a stakeholder of the company? (in German)

Within the framework of Sustainable Corporate Governance, the EU Commission plans to oblige corporate bodies to pursue a sustainability strategy and to balance the interests of all stakeholders in their decisions. In her contribution,...

Capital market financing

Going Public: Strengthening Germany as a financing location (in German)

Why do vaccine manufacturers like BioNTech or CureVac go public in the USA and not in Germany? The decisive factor for listing in the USA is the much more attractive capital market ecosystem with financially strong, specialised pension...

Sustainability

Going Public: Climate protection: Market-based solutions as the key to success (in German)

The future German government must work to ensure that sustainability rules are target-oriented, practice-oriented and, if possible, internationally uniform. Dr. Uta-Bettina von Altenbockum and Jan Bremer therefore call for...

Investment in shares and securities

Börse Online: Before the TV duel - stock exchange association calls for more debate on old-age provision with shares during the election campaign (in German)

In this interview, Dr. Franz-Josef Leven comments on the Bundestag election campaign. He criticises that the topic of old-age provision hardly plays a role in the political contest and makes a plea for old-age provision with shares. In...

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...

Retirement provision

Absolut|spezial: Generation-appropriate pensions and efficient capital markets (in German)

Equity-oriented pension provision would strengthen the German capital market in the long term and improve its competitiveness, comments Dr. Christine Bortenlänger. The next federal government has the chance to anchor equity savings in...

Compliance

Going Public: Targeted and proportionate compliance legal framework to strengthen corporate competitiveness (in German)

Many legislative proposals and regulations in the area of corporate compliance overshoot the mark. They are impractical and have a detrimental effect on the competitiveness of companies, criticises Jan Bremer. With a view to the...

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,...

Capital market financing

Going Public: Modernise stock corporation law - more flexible financing with shares (in German)

Companies raise money on the capital market for innovation and growth. But inflexible stock corporation law makes corporate financing more difficult in this country. Countries like the Netherlands show that things can be better....

Capital market financing

Going Public (Life Sciences): Biotechnology Shares in Germany - Deutsches Aktieninstitut Calls for a "New Equity Culture" (in German)

In an interview with Life Sciences, Dr Christine Bortenlänger talks about the ten recommendations of Deutsches Aktieninstitut for the federal elections and why Germany is not attractive as a financial centre for young biotechnology...

Capital market financing

Going Public: Taxing shares fairly (in German)

After the federal elections, a new federal government should clearly align its compass in tax policy in favour of shares, demands Dr. Norbert Kuhn. Capital gains from share transactions should be tax-exempt again after a one-year...

Capital market financing

Capital/Finance 4.0: Sustainable financing is the latest trend (in German)

Sustainable finance has arrived in the finance departments of German companies, as our study with Börse Stuttgart shows. However, the reporting processes for sustainable financing instruments are more complex than for traditional...

Sustainability

Börsen-Zeitung: Finance for Future? – The framework has to be right (in German)

In their guest article, Dr. Christine Bortenlänger, Managing Director of Deutsches Aktieninstitut, and Dr. Michael Völter, Chairman of the Executive Board of Vereinigung Baden-Württembergische Wertpapierbörse, call for the rules of the...

Corporate governance and company law

Der Konzern: Assessment of audit quality by the audit committee - Effective quality improvement or toothless paper tiger? (in German)

Jan Bremer, Head of the Legal Department, Nico Zimmermann, Capital Market Law and Corporate Governance Officer, Deutsches Aktieninstitut, and Prof. Dr. Franca Ruhwedel, Rhine-Waal University of Applied Sciences, present the key...

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...

Retirement provision

Frankfurter Rundschau: Capital market is more than Riester pension

In his commentary, Dr Franz-Josef Leven contradicts the opinion of Hans-Jürgen Urban, Executive Member of the Board of IG Metall, and Markus Kurth, Member of the Bundestag for the Greens, that the capital market is not a useful means...

Investment in shares and securities

Handelsblatt Orange Podcast: Is it still worth getting involved in the stock market?

The DAX reached a new record high in April. The Orange podcast "Businessclass" asks whether it is still worth investing in the stock market. As one of the experts reporting on the Germans' increased interest in the stock market, Dr...

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...

About us

Manager Magazin: In training camp with Christine Bortenlänger

In the section "Im Trainingslager mit", managers report on their sporting passion and what they learn for their (professional) life. In the March issue, Dr Christine Bortenlänger talks about her passion for team sports and her goal of...

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

Zeitschrift für das gesamte Kreditwesen: Equity culture 2020 - much light, but also shadow

Dr Christine Bortenlänger analyses in her article how the equity culture has developed over the past year. Overall, the equity culture has been robust despite Corona and Wirecard. To strengthen it further, however, a clear signal for...

Corporate governance and company law

Audit Committee Quarterly: Wirecard legislation - Avoiding negative consequences for law-abiding companies

With the draft of a law to strengthen financial market integrity (FISG), it is becoming apparent what regulatory consequences can be expected after the Wirecard case. In their article for the Audit Committee Quarterly, Dr Christine...

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

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...

Sustainability

New IFRS standards in the sustainability reporting: Making a global and consistent sustainability reporting? (in German)

The International Sustainability Standards Board (ISSB) of the IFRS Foundation has published the drafts of its first two standards on general requirements for sustainability reporting (IFRS S1) and climate-related reporting (IFRS S2)...

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...

Retirement provision

Why a higher saver's lump sum does nothing for saving in shares (in German)

According to the coalition agreement, the federal government wants to increase the savers' lump sum to 1,000 euros. However, the increase will not help to make long-term share saving more attractive. Measures such as the introduction...

Corporate governance and company law

Companies well advanced in the transformation process towards sustainability (in German)

The topic of sustainability with its facets of environment, social issues and corporate governance is increasingly influencing our lives. Companies have to face the growing societal expectations, but also laws and regulations in this...

Sustainability

The European draft directive on supply chains overshoots the mark (in German)

German companies are currently in the process of implementing the requirements of the national supply chain due diligence law, which is to be applied from 2023. The EU has now presented a draft directive for an EU supply chain law....

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...

Compliance

The extensive catalogue of duties of listed companies (in German)

Under capital market law, companies must fulfil comprehensive transparency and compliance obligations. In doing so, they must also keep an eye on current regulatory developments, such as the planned EU Listing Act. Our Capital Markets...

Capital market financing

EU Listing Act: Breakthrough for European Capital Markets? (in German)

With the Capital Markets Union, the European Commission wants to improve the economy's access to capital. The EU Listing Act, which is currently being consulted by the European Commission, is intended to help the project achieve a...

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.

Retirement provision

From shares and bonds - 120 years of yield comparison (in German)

Compared to bonds, stocks have generated significantly higher returns over the past 120 years and at the same time have been associated with less risk. This is shown in our study "Kapitalgedeckte Altersvorsorge mit Aktien! 120 Jahre...

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...

Sustainability

Close cooperation between EFRAG and ISSB crucial for success of sustainability reporting standards (in German)

In April 2021, the EU Commission presented the Corporate Sustainability Reporting Directive (CSRD). The draft provides for the development of European standards for sustainability reporting. Sustainability reporting standards are also...

Capital market financing

Corporate Treasury: Where is the journey heading with the "Ampel" coalition? (in German)

What can we expect from a traffic light coalition in the next few years when it comes to corporate finance? This question was discussed by Lothar Binding, long-standing finance policy spokesman of the SPD parliamentary group, Michael...

Retirement provision

A new start in pension policy is needed (in German)

Our pension system is facing major challenges due to demographic developments. Nevertheless, pensions played a rather subordinate role in the Bundestag election campaign. Yet there are good proposals from the various federal parties on...

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...

Capital market financing

Strengthening Germany as a financing location (in German)

Why do vaccine manufacturers like BioNTech or CureVac go public in the USA and not in Germany? Why is this questionable for the economy as a whole and what should politics do for the financing of growth companies? We have investigated...

Sustainability

Market-based solutions are key for climate protection (in German)

Ein zentrales Thema im Bundestagswahlkampf 2021 ist der Klimaschutz. Waldbrände in der Türkei und in Kalifornien, Tornados in Tschechien und Ostfriesland, aber vor allem die Flutkatastrophe an Ahr und Erft haben uns vor Augen geführt,...

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 discussion. ...

Compliance

Targeted and proportionate compliance regulatory framework needed to strengthen business competitiveness (in German)

Many legislative proposals and regulations in the area of corporate compliance overshoot the mark. They are impractical and have a detrimental effect on the competitiveness of companies. This has to be changed. Der Wirecard-Skandal...

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,...

About us

A wheel in the gearbox in the fight against the consequences of flooding (in German)

The flood disaster in mid-July devastated cities and communities in North Rhine-Westphalia, Rhineland-Palatinate and Bavaria. Many volunteers are or were deployed on site - including our deputy managing director and long-time Malteser...

Capital market financing

Loosening the bonds of stock corporation law for corporate financing (in German)

Companies raise money on the capital market for innovation and growth. But inflexible stock corporation law makes corporate financing difficult in this country. Countries like the Netherlands show that things can be better....

Capital market financing

Fair taxation of shares (in German)

With regard to investing in equities, tax policy has been sending out the wrong signals for years. The flat rate tax and the repeatedly discussed financial transaction tax reduce the attractiveness of long-term equity investments. With...

Capital market financing

More IPOs made in Germany (in German)

Internationally, IPOs in Germany are rare. Many young, German growth companies in particular have recently found their fortune on the American stock exchanges in their search for capital. Why is this the case and what must policymakers...

Corporate governance and company law

Lex Wirecard (in German)

Almost exactly one year to the day after Wirecard's bankruptcy, the "Gesetz zur Stärkung der FInanzmarktintegrität" (FISG) comes into force, with which the legislator wants to prevent cases like Wirecard in the future. The legislator...

Capital market financing

Sustainable Corporate Finance - Quo vadis? (in German)

Sustainable financing instruments are booming. However, many bureaucratic hurdles still stand in the way of those responsible for finance in companies. Policymakers must act and make ESG regulation more practical. Egal, ob Porsche...

Capital market financing

SPACs - Come to stay? (in German)

In February 2021, it was said: SPACs have landed in Europe. After less than four months, some are already talking about the SPAC hype being over again. Are the shell companies now a fashion phenomenon, or are they a serious financing...

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...

Investment in shares and securities

Stocks are not buns

In a YouTube interview shortly before Easter, Finance Minister Olaf Scholz reacted in an unusually emotional way to a critical question about the financial transaction tax. He said that the criticism of the share tax was pretextual...

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...

Media Kit

Here you can download portrait photos and short CVs of our management for your reporting.

Dr Christine Bortenlänger
Chief Executive and Member of the Board

Dr Christine Bortenlänger
Chief Executive and Member of the Board

Since September 2012 Dr Christine Bortenlänger has been Executive Member of the Board of Deutsches Aktieninstitut. Between 2000 and 2012 Dr. Christine Bortenlänger was a member of the Executive Board of Bayerische Börse AG.

Dr Bortenlänger is member of the supervisory board of Covestro, MTU Aero Engines, Siemens Energy and TÜV Süd as well as of the Exchange Council of the Frankfurt Stock Exchange. Additionally, she is an honorary member of the Board of Trustees of ifo Institute, the Advisory Board of Schmalenbach-Gesellschaft, the German committee for UNICEF and the Executive Committee of Wirtschaftsbeirat Bayern.

Dr Franz-Josef Leven
Deputy Managing Director

Dr Franz-Josef Leven
Deputy Managing Director

Dr Franz-Josef Leven has been working at Deutsches Aktieninstitut since 1989 and has been Deputy Managing Director since 2013. He studied economics at the University of Cologne and was later a research assistant at the Institute for Transportation Science and the Department of Economics.

From 2010 to 2019, he was lecturer for capital markets at the Institute for Journalism at the Johannes Gutenberg University in Mainz. In 2013, he was appointed lecturer at the University of Liechtenstein for Corporate Governance in Financial Institutions, and in 2019 lecturer at the U3L of the Goethe University Frankfurt for Economics, Capital Markets and Economic History.

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