Shareholders advised not exonerate Deutsche board over fines

Deutsche Bank - Foyer Bridge

Shareholder advisory firm ISS has said Deutsche Bank investors should not exonerate the executive board of the firm for recent fines, setting the scene for a possibly stormy annual shareholder meeting on May 21.

Reuters reports that Institutional Shareholder Services, which acts as a consultant to big investors and hedge funds, advised shareholders to vote against exoneration of the board and Co-Chief Executives Juergen Fitschen and Anshu Jain at the meeting, according to a document obtained by the news agency on Friday.

The document indicates the bank's leaders may risk an embarrassing rebuke by its owners less than four weeks after presenting a new strategy entailing substantial changes to its structure.

To access the complete Reuters article hit the link below:

Deutsche Bank investors advised not to exonerate board over fines

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