Germany Acts To Strengthen DAX Index After Wirecard Crisis
Law360, London (October 5, 2020, 12:26 PM BST) -- Companies hoping to join Germany's blue-chip DAX index face tougher membership criteria under reforms proposed by Deutsche Börse on Monday, after Wirecard collapsed and had its listing struck from the exchange because it revealed a €1.9 billion ($2.2 billion) hole in its accounts.
Deutsche Börse AG said that companies will be pushed out of the DAX index if they do not report their profits every quarter under new qualification criteria floated by the exchange operator. They must also provide proof that they have an audit committee on their supervisory boards.
The exchange operator also proposed expanding the membership on the index...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!