CG and its links with culture and institutions - Italian company analysed

The first 200 words of this essay...

Student ID: A814717

BSP 033 INTERNATIONAL BUSINESS ENVIRONMENT

Module leader: Trevor Buck

Title of the assignment:

In 2009, does an international firm's home country culture and institutions still have any implications for corporate governance?

Illustrate your answer with ANY ONE international firm and ONE home country of your choice. Are your conclusions expected to apply to all firms from that country?

Date of submission: 01/05/2009

Word count: 2,869

(excluding Cover Page, Table of Contents and References)

Table of Contents

1. Introduction 3

2. Enel Background 3

3. Italian national culture dimensions 3

4. Italian Institutions 4

5. Enel Corporate Governance 6

5.1 Board of directors 6

5.2 Share Ownership 6

5.3 Executive pay 6

5.4 Takeovers 6

6. Conclusion 7

7. References 8

1.

Introduction

According to the Cadbury report (1992), corporate governance can be defined as "the system by which companies are directed and controlled". Although books regarding issues of corporate governance date back to even the 18th century (Smith, 1776), it is only in the 1990s that its importance has started to be