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𝗜𝘁𝗮𝗹𝗶𝗮𝗻 𝗴𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝘁𝗼 𝗮𝗺𝗲𝗻𝗱 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗴𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗹𝗲𝗴𝗶𝘀𝗹𝗮𝘁𝗶𝗼𝗻 𝗰𝗵𝗮𝗻𝗴𝗲𝘀 𝗮𝗳𝘁𝗲𝗿 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿 𝗰𝗿𝗶𝘁𝗶𝗰𝗶𝘀𝗺 The Italian government is to amend its revisions to corporate governance legislation that were approved by parliament this year, according to Economy Minister Giancarlo Giorgetti. Asset managers and financial institutions had criticised changes designed to boost the attractiveness of listed Italian companies, arguing that a provision under which any slate of Board candidates put forward by outgoing directors would have to be approved by at least two-thirds of all Board members, which critics say would effectively give established shareholders veto powers. The proposals also included an option for companies to hold shareholder meetings in private, with only investor representatives permitted to attend. The government has defended the measures on the grounds that it wanted to curb the practice of directors getting reappointed indefinitely, without regard for shareholders' wishes. Read more about this and other Key Governance Developments here 👉 https://lnkd.in/eth8Bp45 #Governance #CorporateGovernance #Corpgov #Luxembourg

This might be of interest to many of the senior leaders we have worked with that have an abiding interest in #governance #governancematters #governanceexcellence

A quick note on the current consultation draft for the proposed 5th Edition of the Corporate Governance Principles. Riveting weekend reading, if you need some. Thank you Michelle Eastwell and Meher Kyani for your help in drafting this.

Embracing national codes of corporate #governance for State-Owned Enterprises (SOEs) aligns with best practices outlined in the #OECD Guidelines on Corporate Governance of SOEs. Excited for the upcoming release of the OECD's flagship report on ownership and governance of #SOEs in May 2024! Stay tuned to discover how many countries are implementing these guidelines. #CorporateGovernance #SOEs #OECDInsights

Interested in Corporate Governance in Canada? My partners Sarah Gingrich, Sean Stevens, Gordon Raman and Marie-Josée Neveu wrote the book. Well, not the book, but the Chambers and Partners Guide. You can download the Guide below, to learn more about: ✅ Hot topics in corporate governance. ✅ Environmental, social and governance (#ESG) issues. ✅ Board structure, composition and decision-making. ✅ Fiduciary duties and accountability. ✅ Shareholders meetings, rights and potential claims. ✅ Corporate reporting and disclosure. ✅ Audit, risk and internal controls.

The latest #annualreport of the Corporate Governance Committee is available. In this report, you will find : ✔ Highlights from our studies. ✔ A follow-up of important regulatory developments on corporate governance. ✔ An overview of the Committee's composition, functioning and activities in 2023. #CorporateGovernance #SustainableValueCreation #BoardOfDirectors

94% of the world’s major economies have a #corporategovernance code and nearly 70% publish extensive information on company compliance with it. Read more about the increasing importance of corporate governance codes and how they support implementation of the G20/OECD Principles of Corporate Governance in the new OECD Corporate Governance Factbook 👇🏼

Interesting data shared by the OECD. At Morrow Sodali and previously at Nestor Advisors, we have developed multiple corporate governance codes. The G20/OECD Principles of CG served as the backbone for then adpating the local code to the local context, challenges and priorities. Over our decades of work, we found that transparency on the code and the institutional setting to support the code is as important as the code itself. It is encouraging to see the increased transparency and reporting on practices. Remains the gap between the content disclosed and the actual corporate practices.

I am delighted to announce the recent publication of our research in the Corporate Governance (published by Emerald, SJR Q1, Scopus Q1) Title: "Corporate governance effectiveness and firm performance in global crisis: evidence from GCC countries" Here's the link to the article: https://lnkd.in/gFX5zfyv

Happy to share some insights on Corporate Governance 🧑🏻💻 📃📃The goal of good corporate governance goes beyond mere legal compliance. It involves a comprehensive evaluation of a corporation’s activities to ensure long-term success. Key to this is a well-functioning board of directors, led by a dedicated chairperson. Directors should receive thorough inductions and ongoing training, and the board should be balanced in terms of competencies, experience, company understanding, and independence (Lagercrantz, 2021). Regular performance evaluations of the board, individual directors, and committees are essential. Ethical and transparent behavior is crucial for successful corporate governance, balancing profitability with the board’s obligations to investors and other stakeholders (Lagercrantz, 2021). However, has corporate governance truly improved? What is the objective of a good governance structure? The aim of corporate governance standards is to enhance board members’ ability to meet their obligations to shareholders, the business, and each other. Despite ongoing research, discussion, and legislative changes like the Sarbanes-Oxley Act and listing exchange requirements, there's no substantial evidence of improved corporate governance, particularly in board effectiveness. High-profile failures at companies with boards that followed several best practices, such as Enron, Qwest, Adelphia, Hollinger, and Parmalat, highlight this issue (Dalton & Dalton, 2006). #CorporateGovernance #BoardEffectiveness #EthicalLeadership #BusinessSuccess