Group 1 - Monte dei Paschi di Siena's board is set to challenge CEO Luigi Lovaglio's position after he sought another term despite board opposition [1][2] - Lovaglio was nominated for a new mandate by MPS shareholder PLT Holding, while the board proposed three alternative candidates [2] - The board is expected to discuss Lovaglio's role and may seek his resignation during a meeting [2][3] Group 2 - If Lovaglio refuses to resign, he could face a loss of delegated powers, with dismissal being a remote possibility [3] - The governance crisis follows Monte dei Paschi's controversial bid for a larger rival, Mediobanca, and its acquisition of 86% of the company [3][4] - Lovaglio has lost support from the board and has clashed with a major investor over plans to acquire the remaining 14% of Mediobanca [4]