Finance
Generali investors should vote to keep CEO in the job, proxy adviser ISS says
Published by Global Banking & Finance Review®
Posted on April 5, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 5, 2025
1 min readLast updated: January 24, 2026
ISS advises Generali investors to support CEO Philippe Donnet for another term, emphasizing strategic continuity. Mediobanca backs this recommendation.
MILAN (Reuters) - Leading governance adviser Institutional Shareholder Services (ISS) has recommended Generali investors vote to hand CEO Philippe Donnet another term at a general meeting on April 24.
Donnet has been put forward as a candidate by the insurer's main investor Mediobanca.
ISS recommended voting for Mediobanca's slate of board nominees, and against two others. One of these was submitted by another major Generali investor who is a longtime Donnet opposer, while the other was submitted by a group of Italian fund managers.
"Overall, the company has been performing well in recent years, and supporting the slate of candidates submitted by Mediobanca appears the best option for ensuring strategic and management continuity," ISS said.
"Supporting alternative slates might entail significant risk of ungovernability and strategic disruption," it added in a proxy voting report for investors seen by Reuters.
(Reporting by Valentina Za)
The main topic is the recommendation by ISS for Generali investors to support CEO Philippe Donnet for another term.
ISS supports Donnet to ensure strategic and management continuity at Generali.
A major Generali investor and a group of Italian fund managers oppose Donnet's reappointment.
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