Chinese whispers

12 October 2004 By Marianne Brun-Rovet

Part of the problem is the cumbersome nature of decisiontaking at German companies. Hopefully, the law will change attitudes. Selective leaks are endemic in German companies. Take Karstadt the retailer had to preannounce a rights issue because of leaks.

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Context News

New rules governing the way German companies communicate with investors came into force on Tuesday.

The rules, which regulate when and how companies must make shareprice sensitive public announcements, are expected to crack down on the type of news leaks and corporate misinformation that are prevalent in Germany.

Detailed guidelines for the application of the new investor protection improvement law the German implementation of the EU's market abuse directive will be ready next month, regulators said.

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