Italian IR has come a long way. But investors still have to fight to see the wood for the trees
It used to be that IR in Italy could only have been a liaison d'amour between a shareholder and broker. Corporate communications, particularly those of a financial nature, were few and far between. Management teams, including those of blue chips, saw their companies as their own private fiefdoms and rarely justified their strategies or decisions to shareholders.Indeed, there weren't that many investors to respond to because up to the early 1990s institutions focused on government bonds and
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