Our friends in Italy played a blinder with this gruesome piece of corporate governance at Generali. No doubt justifiable in executive circles, a €14m pay-off that includes 'loss of corporate jet' money is not just hard to swallow, it barely fits on the dinner plate to start with!
The egomaniacal dual-role board leaders should enjoy this indian summer while it lasts, because if Solvency II doesn't get them, the EU Corporate Governance code surely will.
An online repository for Solvency II, ERM and Corporate Governance material and comment from the Principal of Governance Matters, an independent Risk Consultancy firm based on the Isle of Man.
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