Corporate Governance in Italy

Posted: 21 Sep 2000


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.

Key Words: Corporate governance, Italy, Boards of Directors, Non executive directors, Large shareholder, Blockholder

JEL Classification: G30, G32, K22

Suggested Citation

Melis, Andrea, Corporate Governance in Italy. Available at SSRN:

Andrea Melis (Contact Author)

University of Cagliari ( email )

Dipartimento di Scienze economiche ed aziendali
Viale S. Ignazio 17
Cagliari, 09123
+39-070-6753302 (Phone)
+39-070-6753321 (Fax)


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