Deutsche Bank to face angry shareholders at AGM

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Executives at Germany’s biggest lender could have their names added to a list of managers denied investor backing, say sources

Deutsche Bank executives face angry shareholders at an AGM on May 23 when their names could be added to a growing list of top managers denied investor backing, according to media reports and insiders.

Major investor advisory firms Glass Lewis and ISS have urged shareholders not to endorse either board’s performance in 2018, daily Frankfurter Allgemeine Zeitung reported on Wednesday. Deutsche responded that the report “does not reflect the current situation of our bank and its control environment” regarding risks.

 

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