slide1 n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Conversion of BASF AG to BASF SE Friedrich Wirsing Vice-Chairman Executives‘ Committee BASF SE PowerPoint Presentation
Download Presentation
Conversion of BASF AG to BASF SE Friedrich Wirsing Vice-Chairman Executives‘ Committee BASF SE

Loading in 2 Seconds...

play fullscreen
1 / 14

Conversion of BASF AG to BASF SE Friedrich Wirsing Vice-Chairman Executives‘ Committee BASF SE - PowerPoint PPT Presentation


  • 163 Views
  • Uploaded on

Conversion of BASF AG to BASF SE Friedrich Wirsing Vice-Chairman Executives‘ Committee BASF SE. The European Company (SE) and BASF. SE (Societas Europaea) can be founded in Germany since 2004 SE is a modern legal form for companies in EU

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Conversion of BASF AG to BASF SE Friedrich Wirsing Vice-Chairman Executives‘ Committee BASF SE' - nili


Download Now An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide1
Conversion of BASF AG to BASF SE

Friedrich Wirsing

Vice-Chairman Executives‘ Committee BASF SE

the european company se and basf
The European Company (SE) and BASF
  • SE (Societas Europaea) can be founded in Germany since 2004
  • SE is a modern legal form for companies in EU
  • SE is the supranational alternative to the legal form of a German AG („AktienGesellschaft“)
  • By now, more than 400 SE‘s have been established in the EU (see http://www.worker-participation.eu/ )
  • BASF is pioneer in the chemical industry
motifs for converting basf ag to basf se
Motifs for converting BASF AG to BASF SE
  • Active contribution to the continuing integration of Europe
  • Consequent next step of a continuous development of european BASF-structures
  • Explicit commitment to the european home market of BASF
  • BASF acts as a pioneer in (chemical) industry
  • BASF focuses on industrial relations all over Europe
  • BASF improves Corporate Governance
  • (BASF can easily shift its registered office … )
from basf ag to basf se
From BASF AG to BASF SE

Participation Rights of Employees

  • German BASF AG
    • Participation Rights defined by German statute law
      • Works Constitution Act (1972)
      • Co-Determination Act (1976)
      • Executives‘ Committee Act (1988)
  • European BASF SE
    • Participation Rights not defined by statute law
      • negotiating frame given by the SE Participation Rights Act
      • Articles and contents to be negotiated
      • Bargaining Process between
        • Company and
        • Representatives of the Employees (Special Negotiation Body)
bargaining process s pecial n egotiating b ody snb
Bargaining process Special Negotiating Body (SNB)
  • Composition of the SNB
    • One delegate per country, that has a BASF employee in EU
    • 28 delegates in total
    • 8 delegates from Germany
      • therefrom 1 senior staff (member of the Executives‘ Committee)
  • Employee Involvement Agreement negotiated and signed by the Company Board and the SNB
basf se changes of participation rights
BASF SE: Changes of Participation Rights
  • No Changes
      • (German) Establishment level
        • Neither for Works Council
        • Nor for Executives‘ Committee
        • Collective Agreements of Works Council and Executives‘ Committee not touched by new European level of participation
  • Changes
      • Company level
      • European Establishment level
information and consultation of the basf europa betriebsrat
Information and Consultation of the BASF Europa Betriebsrat

• the structure as well as the economic and financial situation of BASF Group;

• the expected development of the business, production and sales situation,

• the employment situation and its expected development in accordance with current reporting;

• personnel and social matters,

• investment programmes,

• fundamental organisational changes,

• introduction of new working and production procedures,

• occupational health and safety issues as well as matters of operational environmental protection,

• the transfer, relocation or closure of companies, sites or major parts thereof,

• mass layoffs,

• cessation of the membership of a company in the BASF Group,

• structural changes.

composition of basf europa betriebsrat
Composition of BASF Europa Betriebsrat
  • Election of the Delegates by National Rules
  • Substitute can be elected for each Member
  • In total 23 Delegates
  • Each EU-country minimum 1 Delegate
      • according to the Number of Employees more
  • Germany 8 Delegates
  • 1 Senior Staff
      • Election of Senior Staff Representative by Speaker‘s Committee
slide13

Schedule of the Transformation

Schedule BASF SE

27.02.07

Decision

Supervisory Board

26.04.07

- Decision General Assembley

- Apointment of the Representatives

of the shareholders in supervisory board

January 08

- Registration of the

Transformation in

the companies

Register and

- Apointment of the

Employees in the

Supervisory board

June 07

Constitutive

Meeting of

the SNB

Dec 07

End of

negotiating

period

February

March

April

Mai

June

December

January

2007

2008

Election and Apointment of the Delegates for the

Special Negotiating Body by Works Council,

Trade Unions and direct Election

Negotiations between board and SNB

BASF SE