MILAN (Reuters) – Influential proxy adviser ISS recommended shareholders in UniCredit reject the Italian bank’s remuneration policy at a meeting next month due to the “problematic” pay package of incoming CEO Andrea Orcel.
“The compensation of the new chief executive officer raises significant concern,” ISS said in a report for investors, a copy of which was seen by Reuters.
(Reporting by Valentina Za; editing by Agnieszka Flak)
