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Non-executive Independent Directors in Corporate Governance of the Italian Banks and Listed Companies

In: Italian Banking and Financial Law

Author

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  • Domenico Siclari

Abstract

Given the close correlation between corporate governance and financial stability, shown by the 2007–2008 great financial crisis, new corporate governance rules for banks and financial intermediaries aim to regulate the composition of company boards. It is now required, in particular, the appointment of non-executive independent directors to define and solve the problem of board loyalty, especially in cases of conflicts of interest.

Suggested Citation

  • Domenico Siclari, 2015. "Non-executive Independent Directors in Corporate Governance of the Italian Banks and Listed Companies," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Domenico Siclari (ed.), Italian Banking and Financial Law, chapter 7, pages 155-183, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-50762-4_7
    DOI: 10.1057/9781137507624_7
    as

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