Proxy advisers to urge Deutsche’s investors to vote against its board

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ECGS, a European proxy adviser, recommended that Deutsche Bank’s shareholders back a motion of no confidence in Paul Achleitner as the bank’s Chairman. ECGS believes that the change will allow the company, which has been involved in a vast money-laundering operation, to develop a new business strategy. ISS and Glass Lewis also recommend a vote against discharging the board.

Financial Times, Laura Noonan, May 8th 2019