Henkel Family Share-Pooling Agreement

Gepostet von am Sep 22, 2021 in Allgemein | Keine Kommentare

It is also family businesses that have helped Germany to overcome the financial and economic crisis better than other countries. They even play an important role in the capital market: about half of Germany`s listed companies are controlled by a family, which represents about a third of the market capitalization2. What constitutes Henkel as a family business is its long-term development perspective, based on sustainable entrepreneurial thinking and robust financing. A targeted search for benefits does not in any way preclude this. On the contrary, our business success is underpinned by a clear business strategy that we implement consistently. A responsible economy and success go hand in hand. That`s why it`s important for companies to operate sustainably along the value chain. At Henkel, we therefore not only have a corporate strategy with financial objectives, but also a sustainable development strategy with measurable and ambitious objectives. The core of our sustainability strategy is the tripling of the value we generate in terms of the footprint of our products and services over the next 15 years. We call it the „factor 3“. Members of the Henkel-Family share pooling deal own more than 61 percent of the company`s common stock, making the company less vulnerable to activist shareholders` desire for change, Reuters added. PwC`s Renate de Lange guide company in the next generation of guide family reflects on why family businesses should be leaders in gender balance. The representative function of family businesses is often greater than that of other businesses and is more perceived by the public.

Those who play this role should do so without vanity and with great respect for the tradition of his company and the services of his employees. At Henkel, this has been the family`s attitude towards the staff and the company since Fritz Henkel founded the company in 1876. Henkel`s path from the manufacturer of washing soda to the current global player has been and remains a story of constant change and development. In October 1985, Henkel shares were traded for the first time on the stock exchange, which allowed non-family investors to buy shares in the company. The owners of the Henkel family are spread all over the world and have more than 150 members, including Christoph Henkel and Konstantin von Unger, who sit with Bagel-Trah on the company`s shareholders` committee. Together, the family contributed more than 60% of Henkel`s common stock to a partition agreement that is the cornerstone of the family`s management structure. As part of the agreement, the family partners have undertaken not to sell their shares, at least not outside the family. The family as a partner: between continuity and flexibility Deutsche Telekom Vivendi and Elektrim sign an agreement to resolve all disputes concerning the PTC. . .