Italian Corporate Governance Comittee Meeting

Mr. Tommaso Corcos was appointed as Deputy Chairman of the Italian Corporate Governance Committee No revision of the Corporate Governance Code planned for 2016/2017. During the meeting, the results of the first monitoring of the compliance with Assogestioni Stewardship Code as well as the Code’s last update (June 2016) were presented. The Committee decided that on this occasion, no revision was needed of the existing Corporate Governance Code, which already reflects the international corporate governance best practices. The Committee also recognized the need for the stability and clarity of the self-regulatory framework for issuers and investors in order to encourage even greater compliance with the most recent revisions of the Code. The Committee resolved to further investigate certain topics – concerning, for example, SMEs’ corporate governance, the enhancement of the board of directors’ role, the procedures for the appointment of directors and relations with shareholders – in order to identify areas of improvement in corporate governance practices. (Mondo visione)