Anglo American Pension Fund Hegemony 2. Value Adding 4. Revolution in Ownership - the middle class 5. Repeal of the law of Trusts 1.
Managements pay relatively little heed to shareholders.
People do not like it, but by and large they accept it. They buy London-based mutual funds, which invest largely outside of Italy. The same is true for Germans, French, Japanese. Whether in Germany or in Italy or in France, companies are not being managed for return to shareholders but for return to insiders. There has been no demonstrated correlation between particular governance characteristics and performance.