Deutsche Bank's executives have faced widespread
criticism from shareholders at the bank's AGM.
The meeting, which took place on 21 May in Frankfurt, saw
opposition to Deutsche Bank's executives on a large scale, with
39% of its shareholders voting against the bank's
management.
The German corporate code gives shareholders a vote to respond
to the actions of executives over the past year. A vote to
discharge the executives is seen as supportive, however a vote
against discharge allows shareholders to express their
displeasure.
Although the vote was 61% in favour of Deutsche's
management, the large amount of opposition is indicative of the
irritation that shareholders have recently felt. The bank's
previous AGM saw 81% vote in support of the executives.
