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Reconstructing the Framework of Institutional Investor Stewardship

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  • Michele Corgatelli

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.

Suggested Citation

  • Michele Corgatelli, 2023. "Reconstructing the Framework of Institutional Investor Stewardship," Banca Impresa Società, Società editrice il Mulino, issue 2, pages 453-499.
  • Handle: RePEc:mul:jqmthn:doi:10.1435/108149:y:2023:i:2:p:453-499
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