This book will provide a comprehensive insight of the
characteristics and development of corporate governance in Italy.
Both the external institutional mechanisms, such as the codes of
best practices and the mandatory auditor rotation, and the internal
corporate governance devices, such as boardsa structure and
composition and director compensation, will be analyzed. In
particular, this book is presented to provide the reader an insight
on the ownership structure and the control enhancement mechanisms
adopted by the Italian dominant shareholders as well as the typical
- and unique - two tier-board structure, with a board of directors
and a board of statutory auditors, that is widely adopted among
Italian companies. This book reveals that while corporate
governance in Italy has - to some extent - converged towards other
European and international models, there are certain core features
that remain (and are likely to do so in the near future as well)
and their knowledge and understanding is relevant to investors and
other stakeholders.
General
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