Italian Stewardship Principles for the exercise of administrative and voting rights in listed companies 2013

Assogestioni believes that good governance standards are essential to ensure the confidence of capital markets, and that the role played by institutional investors, managers and their respective advisors is crucial in the internal dynamics of Italian listed companies. The Association’s Board has adopted the following principles aimed at companies that provide collective investment management or portfolio management services, in order to promote discussion and cooperation between management companies and listed issues in which they invest. The adopted Principles are in line with those contained in the EFAMA Code for External Governance1 approved by the European Fund and Asset Management Association, of which Assogestioni is a member.