In German stock corporations, the Executive Board, as the legal representative of the company, is responsible for communications. In the area of capital market communications, it regularly makes use of the company's investor relations officers. Until a few years ago, the Supervisory Board played only a subordinate role - if any - in this structure. This has changed fundamentally in recent years.
This study by Kerstin Hammann makes a valuable contribution to classifying communication between investors and supervisory boards. It not only describes the status quo of the new ways of capital market communication, but also deals with the normative and regulative problem points. The study shows what role investor relations plays or should play in the dialogue between investors and the supervisory board.
The core statements can be summarised in the following.
The complete study can be found here (only in German)