corporate governance

Governance of quoted companies is improving

The 11th report of the Observatory on Corporate Governance Excellence in Italy contains an update of past Observatory analysis and analysis of three specific issues: the one-tier model, succession plans and whistleblowing.

Governance of quoted companies is improving

The 11th report of the Observatory on Corporate Governance Excellence in Italy was presented on November 17, 2015. The report, prepared in collaboration with ENELGruppo FalckIntesa SanPaoloPirelli and SNAM, was initiated in 2004 to provide concrete information and proposals to promote the attainment of excellence in the corporate governance of Italian companies.

During the presentation workshop, many issues were examined:

  • What are the main developments introduced with the most recent revision of the Self-Regulating Code?
  • What were the retribution levels of FTSE MIB companies in 2014?
  • What is the assessment of the level of transparency of Remuneration Reports?
  • How widespread are administration and control models that offer an alternative to the traditional model?
  • Why would it be good if Italy were to adopt a one-tier model?
  • What are the key aspects in the investment choices of institutional investors?
  • What factors could increase the influence of institutional investors in Italian companies?

The workshop also included presentations by members of the Scientific Committee – Valerio De Molli, Sergio Erede, Guido Ferrarini, Piergaetano Marchetti and Stefano Preda – and a number of business leaders – Francesco Chiappetta, Piero Luongo, Marco Reggiani and Paolo Scaroni. Also represented at the workshop were the Italian Ministry of Economy and Finance by Gianfranco Tanzi (Inspector General of the Financial Inspectorate of the Italian General Accounting Office), the Italian Stock Exchange by Gabriele Galateri di Genola (President of the Corporate Governance Committee), CONSOB by Salvatore Providenti, (Central Joint Manager and Head Legal Consultant), the Bank of Italy by Bruna Szego (Head of Regulatory Services) and a foreign institutional investor, Aberdeen Asset Management, by Laura Nateri (Country Head e Head of Business Development for Italy).

Observatory on Corporate Governance Excellence in Italy
2015 Final Report (It.)

Documentation and Press Review

Program (It.)

Speakers’ biographical notes (It.)

Good Governance attracts capital – by Valerio De Molli and Marco Visani (It.)
Il Sole 24 Ore – December 17, 2015
Governance – Decisive factor for investing – by Marco Sabella (It.)
Corriere Economia – November 23, 2015
Governance, revenge of the one-tier model. “Investors like it” – by Marco Sabella (It.)
 Corriere della Sera – November 18, 2015

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