DWS bosses collect gossip at the general meeting

Deutsche Bank

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DWS bosses collect gossip at the general meeting

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Deutsche Bank: Flags with the logo of the DWS Group at the IPO of the asset manager in 2018 on the facade of the Frankfurt Stock Exchange.

Flags with the logo of the DWS Group at the IPO of the asset manager in 2018 on the facade of the Frankfurt Stock Exchange.

(Photo: Arne Dedert/dpa)

When something goes wrong at large corporations, fund managers often ask DWS uncomfortable questions. After allegations of greenwashing, the company’s management and supervisory board are now being punished themselves.

Of

Meike Schreiber, Frankfurt

Is the greenwashing scandal of the Deutsche Bank subsidiary DWS only an issue for fund investors and environmental NGOs – or is it also about questions of German corporate culture? At least abroad, things seem to be viewed more fundamentally. The British newspaper Telegraph recently asked how corporate governance – i.e. good corporate management – is doing in Germany in view of the recent raid on DWS and the subsequent resignation of CEO Asoka Wöhrmann. From the largest German fund company, the newspaper quickly drew a bow to the collapse of the fraud group Wirecard or the diesel scandal at Volkswagen.

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