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Corporate Governance in Italy
Author(s) -
Melis Andrea
Publication year - 2000
Publication title -
corporate governance: an international review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.866
H-Index - 85
eISSN - 1467-8683
pISSN - 0964-8410
DOI - 10.1111/1467-8683.00213
Subject(s) - corporate governance , remuneration , shareholder , accounting , business , market for corporate control , control (management) , stakeholder , economics , finance , management
This paper has analysed the Italian prevailing corporate governance system in terms of issues such as ownership and control structures, structure and functioning of the boards, executive remuneration and evaluation, the mission of the companies, the role of banks and market for corporate control. The issues determined by the presence of the blockholder have been analysed as well as the changes that derive from the Draghi reform. The Italian system of corporate governance seems to be effectively summarised by the expression ‘weak managers, strong blockholders and unprotected minority shareholders’, paraphrasing Roe‘s (1994) sentence.