Monte dei Paschi Board's Slate, Excluding CEO Lovaglio, Gets Proxy Support -- Market Talk

Dow Jones

03/31

0641 GMT - Monte dei Paschi shareholders should vote for the list of candidates submitted by the departing board, which excludes CEO Luigi Lovaglio, proxy advisory firm Institutional Shareholder Services says in a report ahead of the Italian bank's AGM on April 15. ISS is in favor of the slate that proposes Fabrizio Palermo as CEO but suggests voting against another term for current chair Nicola Maione and against the election of seven other directors from the list. ISS recommends that shareholders vote against the list put forward by minority shareholder PLT Holding--which proposes Lovaglio as CEO and Cesare Bisoni as chair--and against the slate submitted by group of institutional investors coordinated by Assogestioni. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

March 31, 2026 02:41 ET (06:41 GMT)

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