Exam meets requirements of the German Corporate Governance Code
Deutsche Börse has held the first qualified supervisory board exam. Eight members of well-known companies took advantage of the opportunity to document their training and thus to satisfy the requirements of the German Corporate Governance Code 2010 with measures for independent training and further education and well as to meet the rising demand for supervisory board professionalisation.
Deutsche Börse Group is continuing its efforts to increase transparency and raise quality standards on the capital markets with its qualified supervisory board examination. "Establishing a competency standard is an important part of responsible corporate management and governance. This gives shareholders as well as candidates themselves a guideline for the basic knowledge that any member of a supervisory board can be expected to have," said Alexander Höptner, who is responsible for the Capital Markets Academy among others at Deutsche Börse.
The exam is aimed at incumbent and future supervisory board members. "For the new generation of "younger" supervisory board members, certification via Deutsche Börse's exam will become a matter of course," commented Dr Jürgen Kunz, President of the Board of Directors of Kienbaum AG, Zurich, and first in receiving certification via Deutsche Börse's qualified supervisory board exam.
The examination is computer-based and includes true or false questions as well as questions with multiple possible answers. The topics relevant for the exam cover all of a supervisory board's roles and areas of responsibility. These include, among other things, legal bases, organisation and management of the supervisory board, accounting and auditing, corporate strategy and management, operational risk management, compliance and internal auditing, IT and technology management, as well as corporate governance, ethics and corporate social responsibility, liability and manager liability insurance law.
The prerequisite for taking part in the examination is participation in a training course certified by Deutsche Börse Group. "The Qualified Supervisory Board of Interfin Forum GmbH" was the first course that Deutsche Börse certified. Other organisers have also registered their interest in certification. Certification of such training courses by the Capital Markets Academy is open to all providers in the field.