The board of directors of Mps is currently engaged in a series of meetings aimed at finalizing a proposal for a new board of directors, following the recent unanimous decision to merge with Mediobanca and proceed with its delisting. These intensive discussions are crucial as they aim to present a list of candidates for the board to the shareholders' assembly scheduled for April 15. Key candidates are expected to include the current CEO, Luigi Lovaglio, who is also preparing a new industrial plan to be unveiled on February 27.

The urgency of these discussions is underscored by the need to secure approval from the European Central Bank (ECB) for changes to the company's Statute. These modifications will need to be finalized prior to the presentation of the candidate list, which is set to occur between March 3 and March 5. The ongoing negotiations within the board reflect a broader strategic maneuvering related to the future direction of Mediobanca, indicating that various factions within the board are still negotiating the best path forward for the integration and governance of Mps.

As these meetings continue over the weekend, the successful completion of this process is vital not only for Mps's operational stability but also for its relationships with regulators and investors. The decisions made in the coming days will have significant implications for the future governance of the bank, particularly with respect to its strategic plan and market positioning in the financial sector in Italy and beyond.