Regulation and self-regulation of related party transactions in Italy: An empirical analysis
Series number :
- Related Party Transactions •
- Corporate governance •
This paper assesses how Italian companies have implemented the regulation on related party transactions enacted by Consob in 2010. Companies have been given some degree of freedom in devising their internal codes: they may ?opt-up? or ?opt-down? from some of the default provisions set forth in the regulation, thus tailoring internal codes to their own individual needs.