Belga, The shareholders of Bayer have confidence in ceo Werner Baumann will be terminated. Baumann had the support of 45 percent of the aandelenbezitters, the rest voted against a discharge for Baumann and the rest of the board. The supervisory board could still be on the confidence of the shareholders to count and got 66 percent of the votes.
Get a board discharge, then the directors are personally not responsible for anything that happened in the past year. Such a vote is not binding, but in the past have similar signals of the shareholders of German executives to the head cost. The supervisory board of Bayer let us know to meet to discuss the vote to hold a meeting.
Read more than 13,000 complaints against Bayer in U.S. for cancer risk herbicides
Investors put doubts about the way in which Baumann with the acquisition of Monsanto is handled. Since the merger of the two companies, there is about 35 billion market value evaporated. That is closely related to the wave of lawsuits against the chemical company because of the herbicide Roundup from the stable of Monsanto. They wonder whether it is managing the risk that this means for the company would be well estimated.