Mediaset and Glass Lewis are split over plan to move legal base to the Netherlands

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Mediaset and Glass Lewis are split over plan to move legal base to the Netherlands

Mediaset and Glass Lewis are split over a plan by the Italian broadcaster Mediaset to transfer the company's legal base to the Netherlands, Reuters-seed proxy adviser documents showing Reuters accounts.

ISS recommends shareholders to vote in favor of the proposal, while Glass Lewis encourages them to not vote in favour.

Controlled by the family of the former Italian prime minister Silvio Berlusconi Mediaset plans to move its legal headquarter to the Netherlands in a first step to create a pan-European TV champions.

The move is part of a deal between Mediaset and its second largest investor Vivendi to end a long-running legal dispute. Under the terms of the agreement Vivendi, which holds a 29% stake in Mediaset, pledged to give its necessary backing to the proposal at Mediaset’'s annual general meeting on 23 June.

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