Glass Lewis opposes re-electing Credit score Suisse board’s chair of threat By Reuters

© Reuters. FILE PHOTO: Switzerland’s nationwide flag flies beneath a emblem of Swiss financial institution Credit score Suisse in Zurich (Refiles to repair typo, paragraph 1) ZURICH (Reuters) – Proxy adviser Glass Lewis has really helpful shareholders oppose re-electing Andreas Gottschling to Credit score Suisse (SIX:)’s board of administrators, saying as chair of the board’s



© Reuters. FILE PHOTO: Switzerland’s nationwide flag flies beneath a emblem of Swiss financial institution Credit score Suisse in Zurich

(Refiles to repair typo, paragraph 1)

ZURICH (Reuters) – Proxy adviser Glass Lewis has really helpful shareholders oppose re-electing Andreas Gottschling to Credit score Suisse (SIX:)’s board of administrators, saying as chair of the board’s threat committee he ought to bear final accountability for latest troubles associated to Greensill and Archegos on the financial institution.

“In our view, so as to regain shareholder belief in gentle of the substantial monetary and reputational injury that the corporate is going through because of the aforementioned issues, shareholders can be higher served by a change in management of the danger committee,” Glass Lewis stated on Tuesday.

Credit score Suisse is because of maintain its shareholders’ assembly on April 30.

(This story refiles to repair typo in paragraph 1)

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