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An SE participation agreement was signed for Drees & Sommer on 23 January 2017 in Stuttgart. The consulting firm has been operating as an SE since 26 April 2017. The entire company equity is in the hands of the currently or formerly active company executives who have made a considerable contribution to the success of the company. At the time of the SE conversion there were 1,835 employees in Germany and altogether fewer than 100 in seven further EU Member States.
The SE agreement freezes supervisory board participation to the current level of one-third (two out of six seats for the employees). A full-parity supervisory board will therefore not be established should the threshold of 2,000 employees in Germany, which is legally prescribed for German companies, be exceeded. Since acquisitions were already made immediately following SE registration, time was apparently running short. The SE works council, which is called the European Employee Forum, is composed of three members: two from Germany and one from Luxembourg. For the first term of office the representatives for the Employee Forum and the supervisory board were nominated by the Special Negotiating Body. At the end of the first term of office a pan-European general election will be held for the entire workforce, in a similar way to the agreement for the seed manufacturer KWS Saat, in 2015. In the same industry the property development company Inros-Lackner from Rostock was also converted into an SE in 2013
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