Italy to review corporate governance rules after shareholder pressure

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Financial Times 12h ago

Italy to review corporate governance rules after shareholder pressure - Financial Times

Quick Summary:

The investor group said rules allowing shareholder meetings behind closed doors with investors designating a representative would damage smaller shareholders and compromise transparency.

Freni said that the designated representative was an “excellent solution” but in terms of the meeting logistics, Italy was open to considering other options that worked better “for the market and investors”.

In addition to the ICGN’s concerns, the Italian parliament has warned that the two-stage voting process was hard to put into practice and Freni said the government was open to considering better alternatives.