After facing market turbulence following the presentation of its new industrial plan, Mps is preparing for another high-pressure day as it aims to finalize a list of twenty candidates for its board of directors to be voted on at the upcoming shareholders' meeting on April 15. The nominations committee, led by Domenico Lombardi, worked intensively over the weekend to present a vetted shortlist drawn from a larger pool of thirty candidates for the board's approval, which will convene today.

The voting process is expected to be uncertain due to visible tensions within the board, indicating a challenging decision-making atmosphere. CEO Luigi Lovaglio's position remains precarious, with speculation surrounding his inclusion in the final list of candidates. Additionally, rumors have emerged regarding a shareholder group, led by entrepreneur Giorgio G., who holds about 5% of the shares, possibly influencing the voting outcome and the final composition of the board.

These developments reflect a crucial moment for Mps as it navigates internal conflicts and strives to stabilize its governance structure amid challenges posed by its recent strategic initiatives. The outcome of today’s discussions and the subsequent shareholder vote will have significant implications for the bank’s future direction and performance in an increasingly competitive landscape.