0000000000279263
AUTHOR
Bronzetti Giovanni
La valutazione del Consiglio di Amministrazione in contesti ad elevata concentrazione proprietaria: mero conformismo o reale strumento di valutazione?
Board evaluation is a best practice required on voluntary bases by Code of conduct. Despite its voluntary nature, companies very likely adopted this recommendation because the failure to adopt could have a negatively impact on company legitimation and reputation. Moreover, the implementation modalities of BE, however, could be negatively influenced by the specific companies’ ownership structure. The ownership concentration and the search for corporate legitimacy can lead at two possible situations: the BE have only formally adoption or BE have adoption in form and substance. What prevails in the context of ownership concentrated firms? Companies adopt the recommendation to comply with other…
Board Evaluation in Italian Listed Companies
In the last decade performance evaluation of the Board of Directors has become a best practice at national and international level. Italy is an interesting area of analysis given the high concentration of ownership that characterizes companies, including listed companies. In this context the choices of governance that affect the level of disclosure, for which the expectation is to have a low level of disclosure on the practice of BE (Board Evaluation).The first purpose of this paper is to present a resume on the state of the art in terms of BE for Italian listed companies at 31st December 2012, in terms of presence/absence of the practice of disclosure and its more or less extensive disclos…
A New Third Sector Intellectual Capital Model
The Intellectual Capital (IC) report has become a fundamental tool in the disclosure of non-profit activities, since it is necessary to use a correct framework to represent IC. To achieve the aim of the paper the work is developed as follows: the existing literature on non-profit organizations (NPOs) and IC is examined and relevant aspects to be measured by IC indicators and disclosed by an IC report in the above context are brought into focus. Then extant frameworks for IC reporting are outlined in order to verify whether they fit the aspects qualified as relevant in NPOs and it is pointed out what they lack with reference to the NPOs context. The aim of the paper is to propose an original…