BONN: Bayer shareholders on Friday cast a vote of disapproval of the German drugmaker's top management amid anger over a stock price slump as litigation risks mount from the US$63 billion takeover of seed maker Monsanto.
Bayer's non-executive supervisory board, in turn, won a majority of the votes ratifying its business conduct during 2018, the spokesman said. No incumbent executive board members at companies listed in Germany's blue-chip index DAX has flunked the vote, meaning receiving an approval vote of less than 50 percent at an AGM.
Source: Law Daily Report (lawdailyreport.net)
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