| Italy: Integrity Scorecard Report > Sub-Category: State-Owned Enterprises | ||
| Indicators | Score | |
| 64 | In law, is there an agency or equivalent mechanism overseeing state-owned companies? | 100 |
| 65 | Is the agency or equivalent mechanism overseeing state-owned companies effective? | 40 |
| 66 | Can citizens access the financial records of state-owned companies? | 100 |
Indicator and sub-Indicator Details
| 64 | In law, is there an agency or equivalent mechanism overseeing state-owned companies? | |||||||
| 64: In law, is there an agency or equivalent mechanism overseeing state-owned companies? | ||||||||
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Comments: Sharehording and privatizations are managed by the Division VII of the Department of the Treasury of the Ministry of Treasury. References: Decree 332 of May 31, 1994
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| 65 | Is the agency or equivalent mechanism overseeing state-owned companies effective? | |||||||
| 65a: In law, the agency or equivalent mechanism overseeing state-owned companies is protected from political interference. | ||||||||
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Comments: References: The agency belongs to the Minister of Economics.
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| 65b: In practice, the agency or equivalent mechanism overseeing state-owned companies has a professional, full-time staff. | ||||||||
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Comments: References: See the number of staff in [ LINK ]
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| 65c: In practice, the agency or equivalent mechanism overseeing state-owned companies receives regular funding. | ||||||||
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Comments: References: Budget of the offices of the Ministry of Economics is part of the budget of the state see [ LINK ]: financial documents of the past years (2007 included)
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| 65d: In practice, when necessary, the agency or equivalent mechanism overseeing state-owned companies independently initiates investigations. | ||||||||
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Comments: References: The agency has no jurisdictional powers and cannot initiate investigations.
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| 65e: In practice, when necessary, the agency or equivalent mechanism overseeing state-owned companies imposes penalties on offenders. | ||||||||
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Comments: References: The agency has no power to impose penalties.
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| 66 | Can citizens access the financial records of state-owned companies? | |||||||
| 66a: In law, citizens can access the financial records of state-owned companies. | ||||||||
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Comments: The law and the regulation set the duty to make available to the public the approved annual budget the day after its approval, and to publish a notice in a national newspaper. References: Decree 58 of February 24,1998, and actuative regulations: arts. 77 and 83; see [ LINK ]
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| 66b: In practice, the financial records of state-owned companies are regularly updated. | ||||||||
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Comments: References: see for example the financial records of some companies: Alitalia: corporate.alitalia.com/it/Images/pr_26_05_2005(2)_tcm6-9440.pdf Enel: [ LINK ] ENI: [ LINK ])=it
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| 66c: In practice, the financial records of state-owned companies are audited according to international accounting standards. | ||||||||
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Comments: References: Article by Sara Carlucci all[ LINK ]
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| 66d: In practice, citizens can access the financial records of state-owned companies within a reasonable time period. | ||||||||
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Comments: References: see for example a public free website: [ LINK ]
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| 66e: In practice, citizens can access the financial records of state-owned companies at a reasonable cost. | ||||||||
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Comments: Financial information on state-owned companies, as well as for other companies, is public and free. References: see for example: [ LINK ]
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