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Italy's conflict of interest law could impact football clubs
Italy - 14 September, 2006
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A new conflict of interest law that Italian officials will introduce could bar government officials from holding key roles in major companies.
The law would not bar officials from owning companies.
The introduction of the law is intended to prevent a repeat of the situation which allowed former Prime Minister Silvio Berlusconi to amass media holdings worth an estimated USD 16 billion, including commercial broadcaster Mediaset, Mondadori, Italy's largest publisher; the financial services group Mediolanum; football club AC Milan; the Medusa film company; and shares in the Blockbuster video chain and Spanish TV group Telecinco.
Romano Prodi, the Prime Minister said his government was drawing up a "good, transparent and straightforward law" that would put Italy "in line with other democratic countries."
The law would not bar officials from owning companies.
The introduction of the law is intended to prevent a repeat of the situation which allowed former Prime Minister Silvio Berlusconi to amass media holdings worth an estimated USD 16 billion, including commercial broadcaster Mediaset, Mondadori, Italy's largest publisher; the financial services group Mediolanum; football club AC Milan; the Medusa film company; and shares in the Blockbuster video chain and Spanish TV group Telecinco.
Romano Prodi, the Prime Minister said his government was drawing up a "good, transparent and straightforward law" that would put Italy "in line with other democratic countries."
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