Mediobanca's board of directors approved the financial statements at 30 June, which closed with a net result of 386,2 million euros for the parent company (an improvement from 337 million in the 2017-18 financial year) and 823 million for the group (from 863,9 .31 million). As anticipated on 28 July last year, the allocation of a gross dividend per share of 0,47 euro per share will be proposed to the Shareholders' Meeting on 20 October. The amount will be paid from November 19th with record date November 18th and detachment date November XNUMXth.
The BoD also approved the establishment of the Corporate Social Responsibility Committee, made up of the managing director Alberto Nagel (Chairman) and the independent directors Angela Gamba, Maximo Ibarra and Elisabetta Magistretti, with investigative tasks on sustainability matters to be brought to the attention of the board.
The Board therefore resolved to convene the Ordinary Shareholders' Meeting for 28 October 2019, on a single call, to resolve on the following topics:
- Financial statements as at 30 June 2019, report of the Board of Directors and of the Independent Auditors; Report of the Board of Statutory Auditors; related resolutions;
- Remuneration and incentive policies for Group personnel: remuneration policies; determination of the ratio between variable and fixed remuneration to the maximum extent of 2:1; policies in the event of termination of office or termination of employment;
- Update of the Performance Shares plan.
So far so normal but the truth is that Mediobanca's life has radically changed for a few days because the entry into the capital of a strong shareholder like Leonardo Del Vecchio is destined to make the bank increasingly contestable, especially if the third shareholder ( Del Vecchio) moves in harmony with the first (Unicredit) and all the more so if Del Vecchio and the CEO of Mediobanca, Alberto Nagel, do not seem to have the same ideas on many dossiers, starting with Generali, the first asset of Piazzetta Cuccia.
