Governance of Euronext Growth Milan Companies
According to the Osservatorio PMI EGM, 57% of Euronext Growth Milan companies have a board of directors consisting of 4 to 6 directors, 32% with a number equal to or greater than 7 directors, 11% with 3 members. On average, the board of directors of Euronext Growth Milan is made up of 6 members. 72% of the Boards have independent directors following the regulatory changes introduced in July 2020.
On EGM, the “different board” companies (at least one female director) account for 67% of the market (65% in 2021 and 61% in 2020). 78% of EGM companies envisage the slate voting mechanism for the appointment of the Board of Statutory Auditors (14% only for the Board of Statutory Auditors, none only for the Board of Statutory Auditors).