Glass Lewis recommends not backing Deutsche Bank co-CEO

May 6, 2016 9:51 AM

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Glass Lewis recommends not backing Deutsche Bank co-CEO

FRANKFURT Shareholder advisory firm Glass Lewis has recommended that investors at Deutsche Bank's shareholder meeting on May 19 do not vote in favor of the 2015 performance of outgoing co-CEO Juergen Fitschen and some former executive board members.

The non-binding vote is a standard agenda item at annual general meetings in Germany, where shareholders are asked to approve executives' performance the previous year.

Also read: Germany says prepared for any financial fallout from Italy vote

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