AllianzGI to vote against Adidas chair in AGM

Against wind: The re-election of Bertelsmann and RTL-Germany CEO Thomas Rabe as Chairman of the Supervisory Board at Adidas seems to be on shaky legs. According to "Handelsblatt", "namous investors" want to vote against him. They accuse Rabe of "neither taking care of a successor at a good time nor taking care of more women on the Supervisory Board". According to the report, there had already been concerns that Rabe would hold too many offices. …

Allianz Global Investors will vote against the reappointment of the chairman of the sports brand at the Adidas general meeting. The asset manager of the German insurance giant Allianz believes that Thomas Rabe has too many mandates.

AllianzGI to vote against Adidas chair in AGM

The asset manager cited concerns over overboarding in its decision to oppose re-election.

Allianz Global Investors will join the Supervisory Board at the Annual General Meeting of the sporting goods manufacturer Adidas on May 15 against a re-appointment of the media manager Thomas Rabe. The Asset Manager justified his decision with persistent concerns regarding a possible overload of Rabe by his numerous mandates. The contribution Allianz subsidiary against re-election of Adidas chief supervisor appeared first on insurance business t…