(Finance) – Proxy advisor Glass Lewis, after ISS, also advises shareholders to Mediobanca to vote on the list of the Board of Directors in view of the meeting of 28 October, which will have to renew the board.
“We generally recommend that shareholders support the list that appears to best serve the interests of all shareholders, including minority investors,” the report reads. The current composition of the Board of Directors “is adequately independent and provides a balanced representation of the key skills for a company in this sector”.
Furthermore, “we note that 80% of the candidates presented by the outgoing board are independent and the list includes the proposed president and CEO. While recognizing the experience and background of all the candidates presented – continues the report -, we believe that shareholders can reasonably support the list presented by the board of directors.”