By Nathan Allen
Telecom Italia said late Thursday that its board has full confidence in Chairman Fulvio Conti following a meeting to discuss allegations that he withheld information from certain board members prior to the ouster of former Chief Executive Amos Genish.
The Italian telecom group's top shareholder Vivendi has accused Mr. Conti of breaching governance rules by sharing information with board members appointed by Elliott Management Corp. before the rest of the board.
Vivendi, which holds a 24% stake in Telecom Italia, is seeking the removal of Mr. Conti and four Elliott-appointed board members for allegedly conspiring to dismiss Mr. Genish, a former Vivendi executive.
Read more about the imbroglio surrounding Telecom Italia at https://on.wsj.com/2TlJwWy (WSJ paywall) or https://bit.ly/2KuPhKY (NewsPlus).
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