by Verità&Affari editorial team
The number one of Mediobanca, Alberto Nagel, attacks the rules established by the new Capital Bill for the renewal of the boards of listed companies. The regulation provided for in the capital bill on the presentation of a list of the outgoing board of directors for its renewal “is a rule which, due to its genesis, has a difficult and unclear application and requires clarification and redefinition interventions“, said Nagel during the presentation of Mediobanca’s first half-year accounts. According to the banker, “it is a provision that will be difficult to apply will require corrective interventions if it is to be made applicable“.
The new regulation on the presentation of the Board of Directors’ list was the most debated within the Capital Bill, a set of rules which has the aim of attract resources towards Piazza Affari also facilitating access to small and medium-sized businesses. The bill obtained the approval a few days ago green light from the House.
The clash between Mediobanca and Generali
With the latest renewals of the Board of Directors, both in Mediobanca and in the subsidiary Generali, the presentation of a list by the outgoing Board of Directors has created a clash with some important shareholders such as dolphinthe family holding company Del Vecchioe Francesco Gaetano Caltagirone.
The banker cited the opinion of some jurists according to which “if we were in a situation in which the board of directors list came first in the vote, there would not be automatic certainty about the president and CEO indicated, but there would be strong doubts about their election“.