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On 14 December 2023, the Italian Corporate Governance Committee approved the twelfth annual report containing the eleventh analysis on the application of the Corporate Governance Code. The new Chairman of the Committee, Dr. Massimo Tononi, sent his annual letter to listed companies, where specific recommendations are made to strengthen practices and promote the application of the Corporate Governance Code.
The Italian Corporate Governance Committee is made up of the issuers and investors associations (ABI, ANIA, Assonime, Confindustria and Assogestion), as well as the Italian Stock Exchange (Borsa Italiana S.p.A.).
On 9 December 2019, the Committee approved its eighth annual report which includes the fifth report on the compliance with the Italian Corporate Governance Code. The Committee also defined the contents of the new Corporate Governance Code which has been approved in its final version on 31 January 2020 (the related press release is available here).
The companies adopting the Code are required to apply it starting from the first financial year that begins after 31 December 2020, while the disclosure shall be provided in the corporate governance report to be published during 2022.
NEW CORPORATE GOVERNANCE CODE (JANUARY 2020) applicable starting from the first financial year that begins after 31 December 2020
The previous version of the Corporate Governance Code (July 2018) is available here
Disclaimer: the Italian Corporate Governance Code (hereinafter the “Code”) – as well as previous editions – is the exclusive property of Italian Corporate Governance Committee (hereinafter the “Committee”) and its promoters.
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