Contributed By CMS Adonnino Ascoli & Cavasola Scamoni
The governance and management of the company is a responsibility of the management body.
The main bodies involved in the governance and management of the companies vary based on the model that the shareholders choose to adopt at the time of the incorporation of the company, or subsequently.
The most common model of corporate governance is the traditional model (modello tradizionale), which entails that the company is managed either by:
Alternatively, the company may adopt one of the following models:
In the case of companies with publicly traded shares, the 2006 Corporate Governance Code establishes the rule that the company must provide prior information on the reasons why and manner(s) in which it intends to adopt a non-traditional model.
In the case of SRLs, the management body might be either: