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Institutional investors voted against Italian remuneration policies three times as often as the share register as a whole, and every policy passed
| Medida | Remuneration policy | Remuneration report |
|---|---|---|
| In favour, as a share of share capital | 64.2% | 62.0% |
| In favour, as a share of capital represented at the meeting | 88.0% | 85.7% |
| Dissent, against plus abstentions, as a share of capital | 8.7% | about 11%, up from 7.4% |
| Dissent among institutional votes cast | 26.7% | en torno al 23% |
| Resolutions passed | all 34 companies | not stated as a count |
Commissione Nazionale per le Societa e la Borsa, report on corporate governance of Italian listed companies 2025, covering 34 companies in the main index for the 2025 meeting season, published April 2026. Meeting participation was 73.0 per cent of share capital, up from 71.5 per cent in 2024. Institutional attendance was 34.1 per cent of capital, of which 32.1 points foreign and 2.0 points domestic.
Across 34 large Italian companies in the 2025 meeting season, dissent was 8.7 per cent of share capital and 26.7 per cent of institutional votes cast. In Spain no remuneration report drew more than 29 per cent against and none was rejected.
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