Overview
- The bank held its annual general meeting in Frankfurt in person, where protesters and vocal investor representatives challenged management decisions.
- Supervisory‑board chair Alexander Wynaendts stood for re‑election and framed the bank as having reached a “base camp” on its path to becoming a leading European lender.
- The supervisory board asked shareholders to approve raising fixed pay for members from €300,000 to €350,000 and to lift the cap on committee pay that would raise the chair’s total to about €1.4 million.
- Major institutional investors including Union Investment and Deka criticised the removal of the committee‑pay cap and signalled they would vote against parts of the package, while final vote results were not reported.
- The meeting combined pay disputes with wider tensions over cost discipline, a Postbank labour dispute and recent strong profits, leaving the bank’s governance and public image dependent on the pending shareholder decisions.