Expert Criticises Bayern Munich Over Hoeness

[Folami David]

The decision of Bayern Munich's supervisory board to stick with club president Uli Hoeness as the board's chairman continued to draw criticism on Wednesday.
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Hoeness had earlier offered to give up the post of the nine-strong supervisory board chairman until a tax evasion investigation against him in his personal capacity is concluded.
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The advisory board, however, turned down his offer on Monday.
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The chairman of the German federation for Compliance, Henning Herzog said in a radio interview that all the companies participating in the supervisory board have signed up to the Corporate Governance Codex.
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"In terms of this, there should be no conflict of interests for those involved at an executive board or supervisory board level."
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He said that several of the companies - like Deutsche Telekom -represented on the supervisory board also maintained business relationships with the club.
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There could be a blurring between the interests of the main sponsor and the actual club with those involved in supervision, he said.
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"The supervisory role should really be neutral and free of all conflicts of interest."
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There is a need to discuss the situation and decide whether the supervisory board can function in the current form in the long run.
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He said that FC Bayern AG was a huge company with several affiliates. "It was certainly a problematic decision to keep Uli Hoeness in his positions."