EUROPE - European Corporate Governance Service (ECGS), an alliance of the leading corporate governance research and advisory groups in Europe, has welcomed the decision of Nordea's board to revoke the proposal for a stock option programme that was to have been submitted to its AGM on April 24.
The decision was in the face of opposition to the proposal from major shareholders. ECGS in its advice to clients recommended opposition to the scheme for the following reasons: * The scheme ...
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