21.03.2019 - Companies

DAX executives: Hardy skin in the game

by Philipp Immenkötter Kai Lehmann

[Translate to English:]
The remuneration systems of DAX companies do not lead to executive board members acting like long-term owners. For example, board members hardly ever come into contact with shares of their own company.

25.01.2019 - Companies

The Key to Skin in the Game

by Philipp Immenkötter Kai Lehmann

The executive compensation system is the central instrument for aligning the interests of managers and stakeholders. An ideal compensation system requires four features: stock ownership guidelines, a deferral of short-term compensation, long holding ...

27.12.2018 - Society & Finance

Active versus passive: What really matters for bonds

by Agnieszka Gehringer Kai Lehmann

The discussion about "active vs. passive" has been intensive for many years. So far, the focus has mostly been on equities. However, the discussion is now spreading to the bond side.

14.12.2018 - Companies

Say on pay - More power to shareholders (?)

by Kai Lehmann

The shareholders of major European groups can look forward to the coming year. With the implementation of the amended EU Shareholders' Rights Directive, their right to a say in management board compensation in Germany will be significantly extended.

16.08.2018 - Society & Finance

Yesterday wow, tomorrow pooh – Factor strategies in the European ETF market

by Agnieszka Gehringer Kai Lehmann

"Smart beta” ETFs are becoming increasingly popular in Europe as well. However, similar to their US counterparts, their performance to date is at best average.

16.08.2018 - Society & Finance

Sustainable investment - a term with many facets

by Kai Lehmann

The EU Commission wants to direct more capital flows into sustainable investments in the future in order to make a contribution to the implementation of the Paris climate protection agreement. A necessary condition for this is that a uniform understa ...
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