Monte Paschi Urges Shareholders to Back Board Slate at AGM

Banca Monte dei Paschi di Siena SpA is asking its shareholders to vote in favor of its board slate at the upcoming annual general meeting scheduled for April 15.

The Italian lender said its proposed list would ensure “a strong alignment between governance and executive leadership,” according to a letter to shareholders published on Sunday. Its proposed slate would also ensure stability as the bank integrates Mediobanca SpA, after last year’s hostile $17 billion takeover.