“70 % of the share of the top ten companies of the Milan stock is actually controlled by foreign
institutional investors” says Alvise Recchi, Sodali CEO, on Il Foglio. This leads to a deep change in the
role of the Director within an Italian Board, where crony capitalism is counting less and less if compared
to skills: competent, responsible, really engaged with the company, a real job more then an honorary role.
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