Breakingviews: Italy’s corp gov purge could backfire
Wednesday, March 26, 2014 - 02:33
Mar. 26 - Rome wants state-controlled firms to eject board members under criminal investigation for financial offences. Probity is laudable but this plan could hurt the innocent and create harmful uncertainty.
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The -- isn't breaking these days it's silly and the corporate governance pads and why could backfire and -- I'm not joins me now me or think -- much joining actual. Squeaky telling skip an outline of what. This shall -- perhaps a little bit dramatic as it's coming from game difference but I mean essentially what's happened just the government has. With -- soft and birth state controlled companies to off their shelves to. I agree the change -- complete destruction so finalists web site. If a treacherous under investigation for the second stage of being under investigation for various -- financial crimes. Then they're no longer as well before so it's still up to shareholders should prove -- and it's impossible that they that they would object to let them. So candy good intentions at that I question -- Well what can tell whack so social well I mean this comes off and let's scandals and -- companies will be little. -- mechanic has lost. For us Chapman in the lost the last two years say he. Basic ideas is not typical -- performance that. It's about to be that fresh hopes that it could kick in before you've actually been found guilty of anything. Times because the way justice as much as I know which one that means in practice that in some people couldn't find different boards without recompense. Next thing you ask them to -- -- -- -- lived this wouldn't. Need to lots of violence in the CN session today. Yes because there are various stages the first of stage -- investigation get -- thoughts on the court and I vetoed again senior. -- actually thrown around quite a lot but it but it means assessing someone's given obesity Valencia to question people will look. -- states -- -- which is when the judge says your service does care. They should -- -- cool to confront investigation. Just in someone gets on those initials of notification of investigation it cost himself into that position of important question in his teens who students -- -- -- divorced. To be stronger and more independent and make up its mind when some Russian internal threats that's sort of what went we're recommending it to be the government spokesman make boards not a statistic -- companies put across physically stronger. I thank you -- it Sheffield on -- that talking about. It's neat and the corporate governance -- that that could backfire -- -- long this is horses.
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