THe article explore the italian reform of corporate law of 200 which, for the first time, allowed corporations to choose among three different models of corporate governance. We describe how the alternative board structures have been implemented in the Italian practice and provide an overview of the initial predictions about their advantages and disadvantages. Finally, we analyze and comment on som initial empirical evidence on the first effects of the reform, which seem to show that the reform so far was not particularly successful in attacting corporations to the new models
The Two Tier model and the one tier model of corporate governance in the Italian regorm of corporate law
GHEZZI, FEDERICO;MALBERTI, CORRADO
2008
Abstract
THe article explore the italian reform of corporate law of 200 which, for the first time, allowed corporations to choose among three different models of corporate governance. We describe how the alternative board structures have been implemented in the Italian practice and provide an overview of the initial predictions about their advantages and disadvantages. Finally, we analyze and comment on som initial empirical evidence on the first effects of the reform, which seem to show that the reform so far was not particularly successful in attacting corporations to the new models
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