The fund subsidiary of Deutsche Bank is facing a restless general meeting.
(Photo: dpa)
Frankfurt The fund company DWS is facing a restless general meeting. According to information from insiders, several major investors do not want to approve the remuneration report at the virtual shareholder meeting on June 15th. The influential US shareholder advisor Glass Lewis also advises this.
The reason for the rejection: The severance package for DWS boss Asoka Wöhrmann, who left in the summer of 2022, is too high for the investors and the shareholder advisor. “The severance pay was lavish,” complained one investor.
About a year ago, Wöhrmann had to give up his post because of a greenwashing affair. The former head of sustainability at DWS, Desiree Fixler, had accused the fund company of systematically exaggerating its commitment to ecological and socially responsible investments. DWS rejected the allegations. But supervisors in the US and Germany began investigations that are ongoing to this day.
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