The evolution of corporate governance in Italy: formal convergence or path-dependence?

Alessandro Zattoni


In this study, we explore the recent evolution of the Italian governance model, in order to better understand the triggers and the consequences for all stakeholders. In more details, we start highlighting the evolution of the national regulatory environment, in term of both corporate law and good governance code. Then we focus on three key elements of the corporate governance of Italian listed companies, i.e., the ownership structure, the board of directors, and the executive compensation. For each element, we present their traditional and current characteristics.

Full Text


Corporate Governance and Research & Development studies - Open Access Peer Reviewed Journal
ISSN 2704-8462 ISSNe 2723-9098 

This journal applies the Creative Commons Attribution - Non-Commercial - No Derivatives 4.0 License (CC BY-NC-ND 4.0) to works published, in order to facilitate free immediate access to, and unrestricted reuse of, original works of all types. Under this license, authors agree to make articles legally available for reuse, without permission or fees, for virtually any purpose. Anyone may copy, distribute or reuse these articles, without modifying them, as long as authors and original sources are properly cited.