The crisis-ridden ADAC will save with a three-pillar model its tax-saving club status and regain confidence. An extraordinary general meeting – the first since 1948 – approved on Saturday in Munich unanimously a corresponding reform program
The key points are the spin-off of economic activity in a corporation and the return of the car clubs to his roots as a community of members with roadside assistance and other things. service for motorists. The profit should not stand in the foreground, but the member orientation, Mahbod Asgari said of the ADAC management.
After the announcement of the counterfeits in a car “Yellow Angel” and other revelations such as the improper use of rescue helicopters ADAC was plunged into a deep crisis of confidence. Much of the criticism, there was also the Group similar economic behavior of Europe’s largest car club with almost 19 million members. The Munich District Court is currently assessing the ADAC is still a club or at a business enterprise. It will make its decision also depends on the reforms.
“Reform of trust”
“ADAC is a membership organization and would like to continue to remain a club,” said August Markl, who was elected in Munich with a large majority for president. He held the office before acting, after many years of ADAC President Peter Meyer in the course of
Crisis was assigned in February. For a quick way out of the crisis, the extraordinary general meeting was convened, it was the first since 1948. The program “Reform of trust” would ADAC also regain its former prestige , Markl said.
The Triple bottom line looks next to the club and the separate investment company in the form of a non-listed company, as a third pillar a non-profit ADAC Foundation. You should receive a trust capital shares of the corporation and a blocking minority of 25.1 percent of its supervisory board. 74.9 per cent of the corporation is to keep the ADAC eV.
New legal structures requires a lot of time
To restore its competitiveness, ADAC is also dependent on future economic activity, stressed Markl. “But he must more disconnected from the association and its activities.” The duration of the reform process, let it be known because the reorganization of the legal structure requires much time.
One of the tasks of the Foundation include promoting accident prevention as well as issues such as accident and rescue from danger to life, but also the corresponding research to said Kurt Heinen, ADAC Vice President of Tourism. “ADAC eV and ADAC Foundation are mutually enriching and drive,” said Rupert Graf Strachwitz, Member of the Advisory Board, the Auto Club had called for crisis management in life.
Compliance Guidelines for Staff
With the Foundation, the ADAC confess to his social obligations and will take a considerable part of the economic returns through the Foundation spend on charitable purposes, the former President of the Federal Constitutional Court, Hans-Jürgen Papier, who is also a member of the Advisory Board, said ADAC.
The ADAC wants its members to receive information better and more integrated. As a code of conduct for employees also known as a unified compliance policy is provided.
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