Generali shareholders urged to back CEO reappointment – documents
2022.04.09 12:06
FILE PHOTO: The logo of insurance company Generali is seen on the company headquarters in Budapest, Hungary, November 29, 2019. Picture taken November 29, 2019. REUTERS/Tamas Kaszas/File Photo
MILAN (Reuters) – Leading investor advisers have recommended shareholders at Generali (MI:GASI) back the proposal by the Italian insurer’s outgoing board to hand CEO Philippe Donnet another term at the helm, documents showed on Saturday.
In reports issued by Institutional Shareholder Services (ISS) and Glass Lewis ahead of an April 29 general meeting to name a new board at Generali, the two proxy advisers recommended shareholders support the slate of board nominees put forward by the outgoing board.
Donnet’s reappointment has been challenged by a rebel investor in the group.
