Source: Reuters (via feed)
Italian banks Monte dei Paschi di Siena (MPS) and Mediobanca approved steps toward a full merger. The approval came after tensions among shareholders and directors. These tensions led the MPS board to vote against retaining its CEO.
BizTrendWire Insight:
The merger plans involve the corporate governance of two Italian banks. The CEO vote occurred during board discussions of the merger.
The merger plans involve the corporate governance of two Italian banks. The CEO vote occurred during board discussions of the merger.
