The latest governance report by Assonime, the association for Italy’s limited liability companies, showed that where companies have an audit committee, members are not always independent.
But the research pointed out that the transparency at public companies had improved significantly in recent years.
Following the discovery of the financial scandal at one of Italy’s leading public companies, Parmalat, at the beginning of this year, Italian companies are keen to prove to the outside world their ability to comply with governance rules.
The report only examines whether rules and procedures are disclosed to investors and doesn’t look at the effectiveness of controls.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars