Resignations in the case of Commerzbank: Bad style

fired When in a football club in the Bundesliga, the coach, then the responsible Board of management or the Supervisory Board, presented to usually the successo

Resignations in the case of Commerzbank: Bad style

fired When in a football club in the Bundesliga, the coach, then the responsible Board of management or the Supervisory Board, presented to usually the successor. This may sound heartless, but it prevents a vacuum in Leadership. At Commerzbank, however, have chucked both sides at the same time hung. With the withdrawal of the Chairman of the Board Martin Zielke and the Supervisory Board boss Stefan Schmittmann two key figures to leave what is already a tottering group, without the succession of clean, regulated. This is bad style.

The governance debate is at the Commerzbank hard, after all, the company needs to deal with a tightrope walk that no one knows how it ends. The Institute has embarked on with its strategy to advertise aggressively to customers and to bet against the Trend and in spite of the increasing digitalisation on the branches the wrong way. The search for a source of Revenue is not advancing properly, the digitization is slow: the future of The Bank is uncertain – even without a pandemic, which will also make the banks hard.

change of leadership is different

designed In such a Moment, it needs a strong, experienced captain on the bridge. May be that Zielke for this Job was the Right thing to do, and it may be that Schmitt man bears responsibility for the predicament. Nevertheless, you would be able to make the Transition to a new leadership, not only different shape, but need to.

Updated Date: 11 July 2020, 05:20

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