Proxy adviser Glass Lewis said on Friday it was recommending that investors in Italian bank Mediobanca vote in favour of the outgoing board s slate of nominees for the new board. .
Proxy adviser Institutional Shareholder Services said on Wednesday it was recommending that Mediobanca investors vote in favour of the outgoing board s slate of nominees for the Italian bank s.
The largest investor in Mediobanca on Tuesday filed its own slate of nominees for the Italian bank s new board after attempts to find an agreement over the list put forward by Mediobanca s.
A group of Italian investors with a combined 10.9% stake in Mediobanca will vote to give Chief Executive Alberto Nagel a new term at a shareholders meeting on Oct. 28, one of the group s members.
Mediobanca Spa announced Wednesday that the board of directors list for board renewal has been approved, proposing half of the current board for re-election. There is Alberto Nagel, current leader.