Aaj TV English News - Business & Economy https://english.aaj.tv/ Aaj TV English en-Us Copyright 2026 Tue, 07 Apr 2026 17:53:25 +0500 Tue, 07 Apr 2026 17:53:25 +0500 60 UniCredit fails to win support for pay policy from major shareholder Allianz https://english.aaj.tv/news/30319099/unicredit-fails-to-win-support-for-pay-policy-from-major-shareholder-allianz <p><strong>MILAN: Funds managed by German insurer Allianz (ALVG.DE), the second-biggest shareholder in UniCredit (CRDI.MI), failed to back the Italian bank’s new remuneration policy and pay packages awarded in 2022 at last month’s general meeting, a document showed.</strong></p> <p>Minutes of the UniCredit annual shareholder meeting showed that Allianz had abstained in both votes.</p> <p>UniCredit has adopted a new policy which will allow it to award the chief executive and senior managers a 30% pay rise this year if they beat a wide set of financial targets.</p> <p>The new policy was approved with 69% of votes, cast by shareholders representing 47% of the bank’s capital.</p> <p>The minutes showed leading global asset managers Fidelity Investments and Charles Schwab had voted against.</p> MILAN: Funds managed by German insurer Allianz (ALVG.DE), the second-biggest shareholder in UniCredit (CRDI.MI), failed to back the Italian bank’s new remuneration policy and pay packages awarded in 2022 at last month’s general meeting, a document showed.

Minutes of the UniCredit annual shareholder meeting showed that Allianz had abstained in both votes.

UniCredit has adopted a new policy which will allow it to award the chief executive and senior managers a 30% pay rise this year if they beat a wide set of financial targets.

The new policy was approved with 69% of votes, cast by shareholders representing 47% of the bank’s capital.

The minutes showed leading global asset managers Fidelity Investments and Charles Schwab had voted against.

]]> Business & Economy https://english.aaj.tv/news/30319099 Tue, 25 Apr 2023 13:40:43 +0500 none@none.com (Reuters) Unicredit Bank logo is seen in this illustration taken March 12, 2023. REUTERS