Reconstructing the Framework of Institutional Investor Stewardship

Michele Corgatelli

Banca Impresa Società, 2023, issue 2, 453-499

Abstract: The article offers a complete overview of the normative framework provided by Italian law and self-regulation regarding the stewardship of asset managers and asset owners. In particular, it focuses on the relationship between art. 124-quinquies of the Consolidated Law on Finance and soft law instruments, by outlining the overlaps and divergences between hard law and soft law under five different perspectives: the scope of application, the integration of ESG factors, the extension to debtholder stewardship, the type of collaborative engagement promoted, and the problem of enforcement.

Keywords: Institutional Shareholders; Asset Managers; Asset Owners; Stewardship; Shareholder Rights Directive II; Soft Law; Scope of Application; ESG; Debtholders; Collaborative Engagement; Enforcement (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:mul:jqmthn:doi:10.1435/108149:y:2023:i:2:p:453-499

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