The paper analyses the recent italian regulations of related party transactions issued by Consob and Banca d'Italia. The two regulations address to partially overlapping subjects: Consob regulation is dedicated to listed companies while the one of the Banca d'Italia addresses to banks. Banks...

The paper analyzes the correlation between unsound corporate governance and banking crises and aims to identify, also on the basis of advice of the international organizations and of the solutions adopted by main countries, a possible configuration of a public power to «remove», in whole or in...

The work aims at providing an empirical evidence on the ineffectiveness of the board of statutory auditors in Italian banking industry in the time-span 2002-2011. Using the results of the inspection procedures of the Bank of Italy, as a measure of the effectiveness of the statutory auditors, the...

The italian law reform of listed banks law has been discussed for years and it specifically deals with the regime of listed «banche popolari». Several authors agree on many points at stake. Nevertheless more radical approaches have been submitted, such as assimilating cooperative banking law...

The recent development of regulation of bank and insurance corporate governance can play an important role in increasing the quality and performance of boards. The paper describes the most important issues, like board size and composition, gender diversity, independent directors, the time that...

This article examines a recent provision prohibiting interlocking directorates between companies operating in the Italian banking, financial and insurance industry. The new provision prohibits a director, statutory auditor or management official of a bank, insurance or financial company from...

A 'good' corporate governance (CG) framework should protect shareholders' rights and ensure their equitable treatment, including minorities and foreign shareholders. It should also encourage active cooperation between corporations and stakeholders in creating wealth-generating economic...

It is clear from the literature that corporate gatekeepers such as auditors, investment bankers, credit-rating agencies, securities analysts and attorneys play a critical role in corporate governance. A steady stream of significant reforms with respect to the capital markets, including corporate...

The paper discusses, in the light of a sample survey of Islamic financial institutions, the measures that need to be taken to improve the overall corporate governance in these institutions.

The consensus among legal and economic historians that British law between 1844 and 1914 provided little protection to corporate shareholders is based on formal provisions in the Companies Acts. In fact these Acts applied only to companies registered by the Board of Trade. Moreover corporate law...