Shareholder advisory group, AGM, has backed shareholders at Deutsche Bank's ISS to vote for a special audit on whether management at the bank breached legal obligations in connection to a series of legal and regulatory issues. AGM also recommended that the shareholders vote against Deutsche Bank's remuneration system for managers. This latest announcement is on the same lines of advice given to the shareholders last week by UK advisory firm Pensions & Investments Research Consultants, who have recommended they do not approve the decisions made by the lenders' board.
Shareholder advisory group, ISS, has backed shareholders at Deutsche Bank's AGM to vote for a special audit on whether management at the bank breached legal obligations in connection to a series of legal and regulatory issues. ISS also recommended that the shareholders vote against Deutsche Bank's remuneration system for managers. This latest announcement is on the same lines of advice given to the shareholders last week by UK advisory firm Pensions & Investments Research Consultants, who have recommended they do not approve the decisions made by the lenders' board.