Corporate governance and venture capital in public utility services companies

Recent financial scandals have emphasised the theme of corporate governance and the need for greater transparency and truthfulness in economicfinancial communication provided by companies, in particular by listed companies. A wide range of subjects appears interested in corporate governance, including not only major shareholders, but also an increasing number of small investors who, through financial instruments such as mutual funds, are investing on the stock markets. With the present work, the authors seek to address the issue of corporate governance of companies operating in the utilities sector listed on the Italian Stock Exchange and its implications on the management structure, on economic and financial communication and on relations with institutional investors.