MILANO – The third try is the good one. The college of the Consob, on the third day of the dedicated meeting, finds the square on the practice of the boards of the board, to which he gives a substantial green light, even if with some detailed stakes in the “Call for attention” addressed to companies that intend to renew the top management through the lists of candidates expressed by the same boards in office. This is also the case with General, which is preparing to adopt this appointment method for the first time, which it will propose to its shareholders at the shareholders’ meeting of 29 April, despite the opposition of the three shareholders Caltagirone, Del Vecchio and Crt Foundation, who signed a consultation agreement on 16.2% of the insurer’s capital. Furthermore, the pact members intend to present their own list of directors to contest the next Generali summit on the list of the board of directors, which will aim at confirming the current CEO, Philippe Donnet.
The final “Call for attention” to the appointments of the board of directors
The final version of the market surveillance recommendations on the “board lists” procedure, which has undergone slight changes compared to that of a month and a half ago, takes into account the opinions sent by market participants (contributions mainly from trade associations and party legal offices). In summary, the judgment gives the go-ahead to the lists of the board of directors, but with a series of principals. One of the most important is that the process of forming the lists is taken care of by the “independent” members of the board in office, to protect minorities and not the representatives of the major shareholders. Another, and new with respect to the draft at the beginning of December, concerns the “scenarios“that would be formed in the new board of directors, based on the number of lists competing for the overall seats and the outcome of the shareholders’ vote.” For the purposes of complete and adequate pre-meeting information and for the correct conduct of the meeting itself, that the same companies to clarify in advance what are the possible scenarios depending on the outcome of the shareholders’ votes “, reads the document.
The Generali dossier divides Consob and Savona defends itself
by Andrea Greco
The Authority that supervises the functioning of the financial markets has published the final version (here the document) of the attention after having received a dozen comments on the draft put into consultation on 2 December last.
The Generali dossier divides Consob and Savona defends itself
by Andrea Greco
Meanwhile, the government appoints Comporti as new commissioner
In the same hours, the government appointed Carlo Comporti as the new commissioner of the authority, in place of Carmine Di Noia who will leave on 7 February. “On the proposal of the president Mario Draghi, given the favorable opinions of the competent parliamentary committees, the council of ministers approved the appointment of Carlo Comporti as a member of the National Commission for Companies and the Stock Exchange”. This was announced by Palazzo Chigi.