Italian Corporations: Now Not All Shares Are Created Equal

The issue of multiple-voting and supercharged shares will be discussed in the symposium scheduled for April 22 at Bocconi (from 8:00am to 6:30pm, Classroom N10), and organized by the Legal Topic of Bocconi Alumni Association (BAA). The event is open to everybody, and looks at a crucial recent development in the legislation applicable to limited liability companies, one which overturns one of the pillars of the legal framework hitherto regulating the life of an Italian joint-stock company (SpA), i.e. the "one share, one vote" principle. After the enactment of Decree 91/2014 (later converted into Law 116/2014), Italian corporations can now issue multiple classes of shares with supervoting rights. Among the jurists, researchers, and corporate representatives being called to discuss the implications of this major legal change, there will be Bocconi Emeritus Piergaetano Marchetti, and Mario Notari, Full Professor in the University's Department of Legal Studies.