In today’s briefing:
- Parent-Subsidiary Listing Focus: From Small-Scale Fixe to Real Reform, from Prime to Standard Market
Parent-Subsidiary Listing Focus: From Small-Scale Fixe to Real Reform, from Prime to Standard Market
- The number of listed subsidiaries is decreasing, while equity-method affiliates are increasing. If parent-subsidiary listings are dissolved by selling part of equity interests, this doesn’t lead to fundamental management reform.
- While some companies have finally gotten off their backsides after seeing engagement results, the challenge is shifting to the many companies that refuse to seriously confront management reform.
- Investors want confidence in which businesses generate and expand the company’s overall cash flow. A serious business portfolio restructuring to provide that confidence remains only halfway complete.
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