The UniCredit board of directors recently called for an ordinary and extraordinary shareholders’ meeting, covering approvals of 2016 records and new proposals.

The meeting will take place on one call on April 20.
 
The ordinary portion of the meeting will begin with approving the 2016 individual finance statements of UniCredit S.p.A. and a presentation of the UniCredit Group’s consolidated financial statements. The meeting will also include the allocation of UniCredit S.p.A.’s operating result.
 
Proposals to be considered at the ordinary meeting include the 2017 Group Incentive System, which will govern the incentivising cash or shares allocations for Group, Country/Division and individuals from 2018-23. Ordinary shareholders will also hear about the 2017-19 long-term incentive plan, which would, in conjunction with the 2017 plan, would cover 2020-23. Other proposals include the group termination payments policy, covering compensation awarded in some instances of early termination, and the 2017 group compensation policy, covering the principles and standards used to design, implement and monitor the group’s compensation practices, plans and systems.
 
The extraordinary shareholders meeting will cover two further proposals: delegating authority over a free capital increase covered in the two incentive plans to the board of directors and the group’s yearly report on corporate governance and ownership structure.