Le Imprese dei Servizi Pubblici Locali sono imprese che creano valore per gli stakeholder se soddisfano i bisogni della collettività locale (politica) e, allo stesso tempo, remunerano adeguatamente tutti i fattori impiegati nel processo produttivo (mercato). Il dilemma politica-mercato, come suggerisce la letteratura, può essere mitigato agendo a livello di governance interna e in particolare attribuendo al management una più ampia autonomia decisionale pur nel rispetto dell’interesse collettivo. Scopo del contributo è appunto di fornire un quadro sui meccanismi di governance adottati dalle imprese dei servizi pubblici quotate al 31/12/2010 al fine di bilanciare gli interessi dell’azionista pubblico e degli azionisti di minoranza e di ridurre le ingerenze politiche.
Local Public Utilities are companies that create value to stakeholders if they meet the local community’s needs (politics) and, at the same time, adequately remunerate all the factors used in the production process (the market). The market-policy dilemma, as suggested by the literature, can be mitigated by acting at the internal level of governance and, in particular, giving managers greater autonomy in decision-making while respecting the public interest. The purpose of the contribution is to provide a framework of governance mechanisms adopted by local public utilities listed at 31/12/2010 in order to balance the interests of the public shareholder and minority shareholders and to reduce political interferences.
Local Public Utilities are companies that create value to stakeholders if they meet the local community’s needs (politics) and, at the same time, adequately remunerate all the factors used in the production process (the market). The market-policy dilemma, as suggested by the literature, can be mitigated by acting at the internal level of governance and, in particular, giving managers greater autonomy in decision-making while respecting the public interest. The purpose of the contribution is to provide a framework of governance mechanisms adopted by local public utilities listed at 31/12/2010 in order to balance the interests of the public shareholder and minority shareholders and to reduce political interferences.
