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Italy to put Golden Power rules into operation at TIM.
- Source :
- Global Telecoms Business; 11/6/2017, p10-10, 1p
- Publication Year :
- 2017
-
Abstract
- The article reports on the move by the Italian Council of Ministers to impose corporate governance rules on TIM, formerly known as Telecom Italia, in response to French company Vivendi's shareholding. The Golden Power instruction from the council requires TIM and its subsidiaries Sparkle and Telsy to assign national security functions to a member of the board of directors who is an Italian citizen, among other requirements. Vivendi owns a 24% stake in TIM.
- Subjects :
- CORPORATE governance
ITALY. Council of Ministers
STOCKHOLDERS
Subjects
Details
- Language :
- English
- ISSN :
- 09697500
- Database :
- Complementary Index
- Journal :
- Global Telecoms Business
- Publication Type :
- Periodical
- Accession number :
- 126144987