Glass Lewis backs Generali CEO Donnet for another term
MILAN, April 10 (Reuters) - Proxy adviser Glass Lewis has recommended Generali GASI.MI investors vote to hand CEO Philippe Donnet another term at a general meeting on April 24.
Italy's biggest insurer investor Mediobanca MDBI.MI has put forward Donnet as a candidate as part of a slate of board nominees.
A major Generali shareholder, Francesco Gaetano Caltagirone, who has long opposed Donnet, proposed an alternative six candidates. While he is not planning to challenge Donnet directly, if he wins, the 13-member board would be split and unable to take decisions.
A third slate of nominees was submitted by a group of fund managers.
"We believe shareholders would be better served by using their vote to ensure board continuity," Glass Lewis said in a report, an excerpt of which was seen by Reuters on Thursday.
International Shareholder Advisers (ISS), another leading proxy adviser, recommended Generali shareholders vote to give Donnet another term.
Related Articles
Coca Cola (KO) Q4 Earnings Preview: Look for the Upside in the AI Initiatives, not in the Revenue and the EPS
Coca-Cola (KO) enters its fourth-quarter 2025 earnings call tomorrow with significant momentum. However, a fundamental shift is occurring.
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
