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2017 Report on corporate governance of Italian listed companies
Corporate governance of Italian listed companies




Ownership and control structure
Ownership of Italian listed companies is still highly concentrated. In line with medium-term evidence, ... more
Corporate boards
At the end of 2016, the traditional system is in place in 225 listed firms, while only 5 companies have chosen an alternative model, i.e., either the single-tier system or the dual-tier model, ... more
Annual general meetings
The 2017 AGMs of the 100 major Italian companies by market capitalisation confirm the large participation by shareholders, the presence thereof has steadily exceeded 70% of the share capital since 2012 ... more
Related party transactions
Pursuant to the disclosure regime envisaged by Consob Regulation on Related Party Transactions, since 2011 Italian listed companies have reported 423 material RPTs (31 in the first half of 2017), ... more
Focus: non-financial reporting
Information plays an important role in corporate world. Making information accessible to interested and affected parties is an important first step in the process of stakeholder engagement ... more
Focus: board diversity in Europe
This Section focuses on the composition of corporate boards across five European countries, i.e., France, Germany, Italy, Spain and the United Kingdom, over the period 2005-2016  ... more


The Report was prepared by:
Nadia Linciano (coordinator) - CONSOB, Head of the Economic Studies, Research Department (
Angela Ciavarella - CONSOB, Economic Studies, Research Department (
Rossella Signoretti - CONSOB, Corporate Governance Department (

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

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ISSN 2281-535X [online]