MILAN (Reuters – Assicurazioni Generali Shareholders (BIT:), will hold a vote to nominate a chief executive officer and board members for Europe’s third largest insurer.

Philippe Donnet (CEO), has held the position since 2016 and is up for reappointment. He has the backing of Generali’s outgoing board, as well the leading shareholder Mediobanca (OTC).

Generali’s second-largest shareholder, Francesco Gaetano Caltagirone (Italian tycoon), opposes Donnet’s candidature. Instead, Luciano Cirina, an ex-Generali executive has been proposed as its CEO.

Below is a brief summary of key stakeholders and their respective positions in the story:

– IN FAVOUR OF DONNET –

MEDIOBANCA Milanese Bank holds 12.8% Generali.

A third of the company’s profits are accounted for by its accounts. To counter

It has faced challenger investors during the AGM on April 29, it was announced

A temporary 17.2% voting share was secured.

DE AGOSTINI Donnet has been praised by an Italian publisher

He was expected to vote in his favor before

Finalizing the plan to dispose of its generali of 1.44%

stake.

Reiner Kloecker is UNION Portfolio manager.

INVESTMENT, Union Investment backs Donnet. Proxy voting records

CALPERS shows that U.S. Investors Calpers Florida and SBA Florida Are

SBA FLORIDA can also be contacted.

– AGAINST DONNET –

FRANCESCO A 79-year old newspaper magnate and construction entrepreneur

GAETANO trail Mediobanca by a 9.5% Generali stake.

The price of CALTAGIRONE is steadily rising in the recent years.

Generali board member, Jan.

Caltagirone was a director starting in 2007.

In 2010, he will be the vice chair. He is likely to have

Even if he loses, he was still allowed to keep his seat.

Donnet fails.

LEONARDO The multi-billionaire founder of Italian eyewear company giant LEONARDO

Generali is home to DEL Luxottica, which is third in shareholder count

VECCCHIO has a stake in the company of roughly 8%. Del Vecchio is the other.

Mediobanca’s largest investor with an almost 20% stake

Caltagirone has supported him.

FONDAZIONE A 1.7% share in the banking foundation.

CRT Generali backs Caltagirone’s Generali Plan.

– YET TO DECIDE –

BENETTON The Benettons’ holding company holds 4%

FAMILY Generali. The Benettons have close ties with both sides.

You may not have disclosed your preference, and you might want to keep it.

neutral stance.

INSTITUTIONAL In aggregate, they hold 35% of the insurance company. However, their

Recent years have seen around 80% of all INVESTORS attend AGMs.

Generali holds 20% of its share capital. The majority of their votes are cast.

Follow the leading recommendations for governance to guide your decisions

advisors Institutional Shareholder Services, (ISS).

Glass Lewis and Donnet have been backed by each other. Generali’s

Blackrock (NYSE;), Fidelity, and others are shareholders of the funds

Investments, Vanguard and Thornburg Investment Management

Norges Bank

An 11-member group of institutional investors holds 0.64%

Generali filed an independent slate of directors

The representatives do not include a CEO

candidate.

RETAIL The majority of the wealthy family’s small savers are in RETAIL

SHAREHOLDERS Italy’s north east holds around 22% Generali. You can find more information here

The insurer’s dividend is what should be the primary focus for retail shareholders

Donnet pledged in December to increase the policy.