CS shareholders reject discharge of management for 2020

Credit Suisse shareholders gave the Board of Directors and Executive Board a lesson and refused to discharge the 2020 financial year. This was left out at last year’s general assembly, under the impression of the debacle surrounding the Archegos hedge fund and the supply chain financing funds operated with the insolvent Greensill Capital.

In vain: However, the General Assembly was not prepared to grant discharge this year either. CS Chairman of the Board of Directors Axel Lehmann (63) noted the refusal to discharge “with regret”. The board of directors will now discuss how to proceed.

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