Corporate governance in Italy

This paper has analysed the Italian prevailing corporate governance system in terms of issues such as ownership and control structures, structure and functioning of the boards, executive remuneration and evaluation, the missi on of the companies, the role of banks and market for corporate control. Th e issues determined by the presence of the blockholder have been analysed a s well as the changes that derive from the Draghi reform. The Italian syste m of corporate governance seems to be effectively summarised by the express ion 'weak managers, strong blockholders and unprotected minority shareholde rs', paraphrasing Roe's (1994) sentence.