Borsa Italiana creates governance committee

The Milan-based Borsa Italiana has formed a committee to revise its corporate governance code of conduct. The committee has been formed to meet the ongoing need to adopt best practices and increase transparency among companies listed on the Borsa Italiana, says the exchange’s spokeswoman.

In particular, the committee will examine the role of independent and non-executive directors. It will also bring the current code of conduct in line with latest domestic, European Union and international regulations.

The exchange established its first code of conduct in 1999 and revised it in 2002. A date for the next version to be published has yet to be set.

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