Monte dei Paschi di Siena (Mps) is undergoing a governance restructuring in anticipation of its shareholder assembly scheduled for April 15. As part of this transition, the bank has outlined a compensation proposal for executives spanning from 2026 to 2028, which includes an annual gross salary of €830,000 for the president Nicola Maione, €120,000 for board members, and €190,000 for the president of the supervisory board. The rationale behind these salary figures considers Mps's growth following its merger with Mediobanca and comparative analyses with compensation at other major Italian banking groups.

In a bid to ensure transparency and alignment of interests, the bank's nomination committee has met 14 times between January 21 and March 3, while the board of directors has convened eight times from January 28 to March 4. Together, these meetings have facilitated the careful selection process of board candidates, initially proposed to number 26 but ultimately finalized at 20. This selection reflects Mps’s strategic focus on strengthening governance and adapting to its larger operational context after the merger.

The implications of these proposed compensations are significant as they highlight the evolving landscape of executive pay in the Italian banking sector, particularly in light of mergers and consolidations. The scrutiny surrounding these salary proposals will likely attract attention from shareholders and analysts alike, as they further contemplate the effectiveness and performance metrics associated with the new governance structures in place within Mps following its integration with Mediobanca.