2_0_DiscoverGermany_Issue30_September2015:Scan Magazine 1
28/8/15
10:25
Page 76
Premium solutions for Corporate Governance Loomion AG develops high-quality software for Supervisory Boards and Executives to bring Corporate Governance of medium-sized and large companies to the next level. Easily, safely and solidly making solutions for the digital exchange of information available, the company, headquartered in Basel, stands for responsibility, collaboration, as well as excellence since 2013. TEXT: NANE STEINHOFF I PHOTOS: FOTOLIA I MARKUS BOSCH I LOOMION AG
In 2000, the German Code of Corporate Governance (GCCG), the American Sarbanes-Oxley Act (SOX) and other rules and guidance tried to solve the problems with corporate governance structures. Due to many incidences in the various industries, such as the example of Philipp Holzmann AG, many, even the Federal Government, urged to implement new rules of good corporate management. Philipp Holzmann AG had been the biggest German building contractor for decades, but a number of management mistakes led to company in-
76 | Issue 30 | September 2015
solvency.“The industry decided it was time to impose new rules to do business in a better, fairer and more ethical way,” Markus Bosch, Loomion’s COO, explains. To achieve good Corporate Governance, communication and collaboration on the highest level of the decision making bodies of companies are required. In today’s world of electronic communication, it is essential that this communication is secure. Markus Bosch, and the other founding members of Loomion, Frank Becker, Martin Taller, Serge
Meyer and Wassilis Karanatsios, each have over ten years of experience in cooperating with and supporting Board of Directors and secretariats of Global Players and mediumsized companies.This insight led to the creation of Loomion to search for solutions to support Board Offices, and top managers with optimised document and meeting preparation and management. Thusly, Loomion has developed twelve Directors' Portal, an IT solution, that simplifies the tasks of Board Offices and Board of Directors, and which combines the three supreme disciplines: business processes, highest security and usability.The company also helps customers with setting up and adapting the Board portals to individual needs. During the development of their products, a lot of effort and hard work go into an-