Browsing All posts tagged under »Generali«

Telecom Italia 2013 EGM: the unusual proxy fight (not) to gain the control

December 12, 2013

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Introduction On December 20th, the shareholders of the main Italian telecommunication company, Telecom Italia, will be called to vote on the removal of all Board members. The meeting has been called upon the request of the relevant shareholder Findim SA (5%), an investment vehicle created by Mr. Marco Fossati, who strongly contests the clear conflicts […]

The end of the “shareholder agreements” era: (if real) a great opportunity for the entire Italian economy

November 11, 2013

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On last October 31st, Pirelli announced the termination of the shareholders’ agreement controlling 31.8% of the Company’s share capital. Few months earlier, other agreements controlling major Italian companies were terminates, such as the one related to 58.3% of the publisher of the newspaper Corriere della Sera, RCS Mediagroup (including Fiat, Mediobanca, Italmobiliare, Generali, Pirelli, Intesa […]

Frontis Governance’s analysis of Directors remuneration – FTSE MIB 2011

May 24, 2012

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Frontis Governance publishes its first report on Directors’ remuneration at main Italian companies, highlighting a real gap between the executives’ and the long-term shareholders’ interests: Despite the average Total Shareholder Return (made of market value and dividends) was equal to -19% at FTSE MIB companies, the average remuneration of the CEO increased of more than […]

Board “independence” in Italy

June 20, 2011

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On May 27th the Board of Directors of Generali Assicurazioni ascertained the existence of independence requirements of 12 members out of 17 (70%), showing a great independence of the Board. Looking at the names and curricula of the “independent Directors”, it seems anyway that some independence requirements are not completely fulfilled: three of “independents” are owners […]