Glass Lewis recommends against providing Credit Suisse managers 2020 discharge

By Reuters

Proxy adviser Glass Lewis recommended shareholders vote against providing Credit Suisse's board and management a discharge for 2020 at the Swiss bank's annual general meeting, saying shareholders “could reasonably hold the board and executives accountable for the identified deficiencies in the Company's risk and control framework that were in place during fiscal year 2020”. However, it recommended shareholders vote in favour of discharging directors from liability for the 2021 financial year, with shareholders voting on both years during the annual general meeting.

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