Deutsche Bank Asset Management Company will vote against Rabe's re-election as Adidas chairman.

Deutsche Bank's asset management company plans to vote against the reappointment of Thomas Rabe as Chairman of Adidas at the annual shareholder meeting on Thursday. Hendrik Schmidt, corporate governance analyst at Deutsche Bank, said that the asset management company issued a "yellow card" to Rabe last year due to concerns about his dual role as CEO of media group Bertelsmann. Dekabank, Allianz Global Investors, and Union Investment also plan to oppose Rabe's reappointment.