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Società per azioni (S.p.A. or spa) is a form of corporation in Italy, meaning "company with shares" (although often translated as "joint-stock company", which may or may not be a limited liability entity). It is more or less equivalent to S.A. or public limited company (PLC) in other countries.
May 17, 2024 · La società per azioni (s.p.a.) è una società di capitali in cui le quote di partecipazione di ogni socio sono costituite da azioni: essa ha, inoltre, personalità giuridica e gode di autonomia patrimoniale perfetta, come stabilito dalla disciplina delineata dagli artt. 2325 e ss. del Codice civile.
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Sep 9, 2003 · Watch The Corporation (2003) online. Documentary film exploring the legal notion of modern US corporations being considered as 'persons', and using this concept to compare the behaviour of corporations to those of psychopaths.
- 144 min
- Share Capital and Shares
- Shareholders’ Meetings
- Managing Body
- Control Body and Audit
S.p.A. share capital may not be lower than € 50,000.00, and is divided into “shares”, which can be physically issued or dematerialized. Capital can be paid up either by cash contribution or, whereby expressly provided in the Memorandum of Association, as an in-kind contribution or contribution of receivables, whose value shall be equal to the amoun...
The Shareholders’ Meeting is the S.p.A.’s sovereign corporate body, i.e. the forum within which its shareholders form their will as to the company, then implemented by the managing body. The shareholders pass resolutions collectively. Resolutions legitimately passed during the meeting are binding for all shareholders, including those absent and tho...
The managing body is responsible for the management of the company. In performing ordinary and extraordinary management tasks, it is not bound to seek approval from shareholders for its actions, except for corporate administration acts expressly subject to shareholders’ approval as by law. In any event, the managing body composition depends on the ...
The control body is responsible for overseeing company management and/or auditing its accounts, although the latter may also be entrusted to an independent auditing firm. Within the so-called “ordinary” model of corporate governance management control is entrusted to a Board of Auditors composed of either 3 or 5 statutory auditors and 2 alternate s...
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In 1992 the italian government transformed the public entity that manages the INA into a società per azioni with the aim of privatizing the company. The privatization process began in 1994, with a public sale offer and with the placement of approximately 48% of the shares making up the share capital of INA s.p.a.
