Part One
Capitalism Revisited
A two day event on Responsible Capitalism
Responsible Enterprise
Italian Conference for Responsible Enterprise
Hosted by Assonime, with the support of
Thursday, 15 September 2022
09:45 – 16:30 CEST
Location
Borsa Italiana, Palazzo Mezzanotte, Piazza Affari 6, Milan
Event page | Programme | Registrarsi (in italiano) | Registration (in English)
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This event is co-organised by Assonime (the association of Italian public companies), the European Corporate Governance Institute (ECGI) and Bocconi University, with financial support from:
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Registration note
Registration for this two-day event is somewhat complicated. Registration for Day 1 at Borsa Italiana is accepted through either an Italian form (with Assonime) or an English form (with ECGI). One of these options is sufficient for in-person attendance on Day 1.
For campus security reasons, separate registration is required for Day 2 in-person attendance at Bocconi University. This is included in a separate email.
Each day's proceedings will be livestreamed but you do not need to register for this now. Details will be circulated closer to the date. The events will be recorded, so please only register if you plan to attend in person.
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DAY 1: Thursday 15 September 2022
09:45 – 16:30 CEST
Introduction
Claudia Parzani (Borsa Italiana)
Herman Daems (ECGI and BNP Paribas Fortis)
Patrizia Grieco (Assonime)
Session 1: Business Purpose and Benefit Corporations
Moderated by Margherita Bianchini (Assonime)
Presenter: Colin Mayer (University of Oxford and ECGI)
Discussant: Jennifer Hill (Monash University and ECGI)
Panel Discussion
Michele Crisostomo, Chair, ENEL
Andrea Sironi, Chair, Generali
Matteo Del Fante, CEO, Poste Italiane
Coffee/Tea Break
Session 2: Corporate Control
Moderated by Chiara Mosca (CONSOB)
Presenter: Marco Becht (Solvay Brussels School and ECGI)
Discussant: Francesco Gianni (Founder, Gianni & Origoni)
Panel Discussion
Luca Garavoglia, Chair of the Board, Campari Group
Pietro Salini, CEO, We Build
Andrea Vismara, CEO, Equita
Lunch Break
Session 3: Family Enterprise
Moderated by Marco Ventoruzzo (Bocconi University and ECGI)
Presenter: Morten Bennedsen (Insead, CBS and ECGI)
Discussant: Mary Johnstone-Louis (University of Oxford and ECGI)
Panel Discussion:
Veronica Buzzi Chair of the Board, Buzzi Unicem
Matteo Liberali, CEO, LU-VE
Andrea Munari, Chair, BNL Paribas Group
Closing Remarks
Fabrizio Testa, CEO, Borsa Italiana
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The programme was developed in collaboration with:
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ABOUT THE EVENT
The event brings together senior academics and thought-leaders in business to discuss a range of current topics. It is part of the ECGI initiative on Responsible Capitalism. The event will bring together academics and practitioners to discuss purpose and family enterprise from a comparative perspective.
Session 1: Business Purpose and Benefit Corporations
There are divergent views on what the purpose of business is or should be the purpose of business and, while discussions have been in progress for a long time, their intensity and significance are increasing. The reasons for this are that there is growing recognition of mounting problems in relation to the environmental, human, and social impacts of companies but little consensus about their causes and even less about their appropriate remedies. To some these problems reflect a deficiency of the design and enforcement of traditional tools of antitrust, regulation, and taxation. To others, conventional tools are not adequate, sufficient, or efficient means of dealing with the problems. The session will discuss and contrast these different views.
Session 2: Corporate Control
Institutional investors generally oppose dual class share structures and tenure voting because they make corporate control incontestable. In contrast, control enhancing mechanisms can prevent “amoral drift”; incumbents can pursue socially desirable actions that do not maximise shareholder without the threat of a hostile takeover or loosing board control. Should “pro-social” investors promote the use of dual-class shares? Should institutional shareholder have countervailing powers, like representation on the nominations committee or voting lists?
Session 3: Family Enterprise
Family businesses represent a key driver for supporting the transition toward a sustainable economy as they globally dominate some of the key sectors that have a significant environmental and social impact. Considering their governance features and ownership structure, are family enterprises more oriented to pursue the company's sustainable success in the long run? What governance measures could support and preserve their commitment toward a long-term sustainability of their businesses? A significant part of family enterprises is represented by SMEs: how do they tackle with sustainability opportunities and risks and what are the obstacles they encounter along this path?
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Part Two
Responsible Investing
Please join us for Day 2 of this conference in Milan, which will include the Annual ECGI Members' Meeting and AGM.
📍 Bocconi University, Milan, Italy
Invitation | Programme | Registration
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ECGI is a global research network and international scientific non-profit association providing a forum for debate and dialogue between academics, legislators and practitioners, focusing on major corporate governance and stewardship issues.
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Assonime is the association of Italian Joint Stock Companies. It was established in 1910 with the aim of analysing issues, directly and indirectly, related to the interests and the development of the Italian economy.
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The Angelo Sraffa Department of Legal Studies at Bocconi University aims to provide thought leadership on legal issues that affect all aspects of social, economic, and cultural life.
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