Italy is putting investor relations and corporate governance to the fore. Reports from Milan with governance advisor Deminor, fund manager group Assogestioni and the Italian regulator, Consob
A report published by Italy's BNL (Banca Nazionale di Lavoro) late last year found that a growing number of the country's investors are willing to manage their own portfolios (BNL, 18th annual report on savings and investors in Italy). At the end of 2000, says the report, about 7 mn Italians were investing directly in the stock exchange, compared with less than 2 mn just five years earlier. Most investors also use other financial products that they do not manage directly. But it is clear that
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