Non-financial information as a driver of transformation (2018)

The EU Directive on disclosure of non-financial and diversity information (2014/95/EU), transposed in Italy by the Legislative Decree no. 254 of December 30, 2016, in force since January 25, 2017, is contributing to a cultural transformation of corporate governance models. By triggering a growing consideration of all stakeholders' needs, this transformation may influence the processes at the board level, the behavior of board members as well as companies' culture, strategy and business models.

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This Report was prepared by Angela Ciavarella and Nadia Linciano (CONSOB), and Livia Piermattei (Methodos - the Change Management Company), in cooperation with Simona Cosma and Paola Schwizer (Nedcommunity).

The authors thank Christian Turchi and Lorenzo Nobile for their valuable help in the analysis of the data.

 

The opinions expressed in this Report are the authors' personal views and are in no way binding on CONSOB.

For information and clarifications write to: studi_analisi@consob.it

 

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