Study Conferences on Civil Law and Procedure organised by Centro Nazionale di Prevenzione e Difesa Sociale

XXII Conference on

CORPORATE OWNERSHIP AND COMPETITION RULES: THE ITALIAN SYSTEM IN THE EUROPEAN CONTEXT

Courmayeur-Mont Blanc, 5-6 October 2007

Forum di Courmayeur Località Plan de Lizzes – Dolonne

Presiding Committee

Federico CARPI, Natalino IRTI, Pier Giusto JAEGER, Riccardo LUZZATTO, Gustavo MINERVINI, Paolo MONTALENTI, Edoardo RICCI, Renato RORDORF, Guido ROSSI, Vincenzo SALAFIA, Piero SCHLESINGER, Giuseppe SENA, Members Laura BERTOLÈ VIALE, Secretary-General of the Conference

Courmayeur Foundation

Lodovico PASSERIN d’ENTRÈVES, Chairman Enrico FILIPPI, Vice Chairman Camilla BERIA di ARGENTINE, Pierluigi DELLA VALLE, Giuseppe DE RITA, Alessia DI ADDARIO, Lukas PLATTNER, Emilio RICCI, Giuseppe ROMA, Roberto RUFFIER, Lorenzo SOMMO Members of the Board

Franzo GRANDE STEVENS, Chairman Alberto ALESSANDRI, Stefania BARIATTI, Guido BRIGNONE, Dario CECCARELLI, Ludovico COLOMBATI, Mario DEAGLIO, Stefano DISTILLI, Gianandrea FARINET, Gianluca FERRERO, Waldemaro FLICK, Stefania LAMOTTE, Jean-Claude MOCHET, Paolo MONTALENTI, Giuseppe NEBBIA, Guido NEPPI MODONA, Livia POMODORO, Ezio ROPPOLO, Igor RUBBO, Giuseppe SENA, Camillo VENESIO, Members of the Scientific Committee

PROGRAMME

Friday 5th October 3.00 p.m. Opening Session LODOVICO PASSERIN D’ENTRÈVES, President, Courmayeur Foundation ROMANO BLUA, Mayor of Courmayeur AURELIO MARGUERETTAZ, Regional Councillor for Budget and Finance of the Aosta Valley RENATO RUGGIERO, Ambassador, President of the Centro Nazionale di Prevenzione e Difesa Sociale

3.30 p.m. Property, control, market: a jumbled triad GUIDO ROSSI, former professor, Bocconi University Member, Presiding Committee of the Conferences on Civil Law and Procedure

4.00 p.m. First Session BUSINESS UNDERTAKINGS

Chair RENATO RORDORF, Member, Italian Cassation Court; Member, Presiding Committee of the Conferences on Civil Law and Procedure

• Chinese boxes: should they be regulated? LUIGI ZANDA, Senate of the Republic

• The proprietary structure of businesses: quoted companies and medium-large businesses MARCO ONADO, Bocconi University, Milan

• Control instruments: pyramidal groups PAOLO MONTALENTI, University of Turin; Member, Presiding Committee of Conferences on Civil Law and Procedure

5.00 p.m. Coffee Break

5.15 p.m. • Control instruments: shareholder pacts GIUSEPPE ALBERTO RESCIO, Catholic University, Milan

• The dualistic system: a new instrument for separating ownership and control? PIERGAETANO MARCHETTI, Bocconi University, Milan

Contributions from the floor and discussion

Saturday 6th October 9.00 a.m. Second Session THE MARKET

Chair ALBERTO ALESSANDRI, University of Milan; Member, Scientific Committee of the Courmayeur Foundation

• Clouds over the system: an open debate FRANZO GRANDE STEVENS, President, Scientific Committee of the Courmayeur Foundation LUIGI SPAVENTA, La Sapienza-University, Rome; formerly President of Consob

• Takeovers, XIII EC Directive: lights and shadows EDDY WYMEERSCH, Chairman, Committee of European Securities Regulators–CESR; University of Ghent

• Stability and competition in financial intermediation RENZO COSTI, University of Bologna

11.00 a.m. Coffee Break

11.15 a.m. Round Table on EXEMPTIONS FROM THE PROHIBITION OF ANTI-COMPETITIVE UNDERSTANDINGS BETWEEN SUPRANATIONAL AND NATIONAL AUTHORITIES (EC REGULATION 1/2003)

Chair VINCENZO CARBONE, President, Italian Cassation Court

• STEFANIA BARIATTI University, Milan; Member, Scientific Committee of the Courmayeur Foundation • FAUSTO CAPELLI, European College, University of Parma • PHILIP KIENAPFEL, DG Competition, European Commission • CARLA RABITTI BEDOGNI, Member, Supervisory Authority for Competition and the Market • MARIO SIRAGUSA, Commission on Law, and Practices relating to competition of the International Chamber of Commerce, Paris • GIUSEPPE TESAURO, Judge of the Italian Constitutional Court

Simultaneous translation in English will be provided.

______The activities of the Courmayeur Foundation are also supported by the Compagnia di San Paolo ______

Scientific and organizational Secretariat Centro nazionale di prevenzione e difesa sociale 3, Piazza Castello – 20121 Milan, Italy Tel. +39/0286460714 - Fax +39/0272008431 E-mail: [email protected] – www.cnpds.it