Business
BPM shareholder Credit Agricole files list for bank's board
BPM shareholder Credit Agricole files list for bank's board
About this update from Banco Bpm Spa
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.