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.
