The standoff is engaged between the management of the bank and groups of activist shareholders
Chief Executive Thomas Gottstein would enjoy shareholder support. © Keystone-archives
Published on 25.04.2022
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Crisis ” The general meeting of shareholders of Credit Suisse, which must sanction this Friday the 2021 financial year of a bank particularly overwhelmed by the scandal, promises to be agitated. Several institutional shareholders – in particular Swiss pension funds – are demanding the establishment of a special control to shed light. However, this request may not receive a majority of votes.
“Companies listed on the stock exchange cannot say anything to their shareholders. The latter have rights: they have a right to information and can put items on the agenda, even if they rarely use them”, insists Vincent Kaufmann, director of the Ethos Foundation, who advises institutional investors in