Banco BPM's main shareholder Credit Agricole EURONEXT:ACA said on Monday it had filed a list of seven potential nominees to the Italian bank's board.
Credit Agricole, which owns just over 20% of BPM, said it did not aim to control the bank and had no candidates for the role of chief executive or chairman on its slate.
BPM recently changed its by-laws so as to grant minority investors up to six seats, up from three previously. BPM's outgoing board has proposed its own list of directors to the 15-strong board, including the current CEO and chairman.