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General

TI shareholders concerned at Vivendi's board request

Friday 20 November 2015 | 09:30 CET | News
Italian asset managers association Assogestioni has sent a letter to Telecom Italia's chairman Giuseppe Recchi asking that the board urgently examine Vivendi's request for the appointment of four directors, which it says raises corporate governance concerns. According to the letter, the French media conglomerate hasn't provided clear information about why it has requested to increase the number of board members from 13 to 17, including four Vivendi representatives. Institutional investors, which represent 66 percent of the Italian operator's capital, are worried about "the future structure of

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Categories: General
Companies: Telecom Italia / Vivendi
Countries: Italy
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