What happened in the Mediobanca shareholders' meeting on the remuneration of the top management of the Piazzetta Cuccia Institute

Caltagirone breaks the axis with Del Vecchio in Mediobanca by defending the remuneration (high, according to proxy advisors) of the top management of the Piazzetta Cuccia institute.

Here is what emerged, among other things, during the Mediobanca shareholders' meeting.

AS DEL VECCHIO VOTED IN THE MEDIOBANCA SHAREHOLDERS 'MEETING

Voting against the remuneration policies, abstention on the civil liability insurance policy in favor of the members of the corporate bodies of the companies. Thus the Delfin of Leonardo del Vecchio, the first Mediobanca shareholder present at the meeting with 18.9% of the capital, according to what the Radiocor agency writes , expressed itself during the morning's votes, approving instead all the other points at 'agenda. 69.9% of the share capital (of which 30% held by the market) participated in the ordinary and extraordinary meeting.

THE POINTS IN THE MEDIOBANCA SHAREHOLDERS 'MEETING

Most of the points, including balance sheet, dividend, buyback and changes to governance, were substantially approved unanimously, while the remuneration policies obtained the "yes" of 70.4% of the present capital (contrary 28.6%, equal to 19.8% of the share capital) and the insurance policy obtained the green light with 72.8% (27% abstained, equal to 18.9% of the share capital). The market, as well as members of the consultation agreement but also Delfin for the most points, they – remarks Radiocor – confirmed their support to the management of Piazzetta Cuccia, as an indicator of the shareholders' voting and by recent judgments of the analysts, who increased the targets downstream of the quarterly results announced yesterday.

CALTAGIRONE LOOKER AND SPRING DEL VECCHIO ON NAGEL'S REMUNERATION IN MEDIOBANCA

The numbers also show that Francesco Gaetano Caltagirone, present at the meeting with 3% of the share capital, voted in favor of all points.

Bengodi Mediobanca for Nagel and Pagliaro, all the criticisms

Mediobanca has withdrawn advertising from Panorama in retaliation. The editorial by Belpietro

Here are those who criticize, and why, the compensation of Mediobanca's top management. Facts, numbers and comments.

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This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/del-vecchio-delfin-boccia-nagel-sulle-remunerazioni-alte-in-mediobanca/ on Thu, 28 Oct 2021 14:31:24 +0000.