Diadema Capital Discusses Governance Evolution in Italy

Diadema Capital Sb has launched “Governance Complexity Competence,” a series of high-level meetings designed to explore the evolution of governance in Italy considering economic, social, and institutional shifts, with a focus on future prospects in 2026.

Top-Level Discussions on Governance

These meetings, structured as top-level talks, are recorded in podcast format to ensure continuous and broader accessibility of the content. The inaugural event, which commenced the series, took place on December 16 at Diadema Capital’s Rome headquarters in Piazza Barberini. Francesco Giorgino, a professor of Communication and Marketing at Luiss University, and Isabella Selmin, co-founder and head of Communication and Institutional Relations at Diadema Capital, coordinated the event. This initial session set the stage for further in-depth discussions planned for spring 2026, reinforcing the analysis and debate initiated in Rome.

Strategic Importance of Governance

The central theme of the debate focused on governance as a strategic lever for addressing uncertainty and steering organizations through increasingly complex environments.

Paola Severino, president of the Luiss School of Law, highlighted the importance of delegations within corporate governance, emphasizing their necessity, effectiveness, and efficiency in ensuring robust management of complex enterprises. Francesco Gianni, senior partner at Gianni & Origoni, elaborated on the role of law as a regulatory tool for behavior and a key factor in the proper functioning of the economic and social system, especially during periods of significant transformation.

“Delegations must be essential, effective, and efficient to ensure solid management of complex enterprises,” said Paola Severino.

Global and National Perspectives

Giampiero Massolo, president of Mundys, provided a broader view of the international context, describing a crisis in global governance characterized by an increasingly disordered and fragmented world. According to Massolo, the current scenario appears more “confused” than genuinely multipolar, marked by the progressive erosion of certainties from the previous international order. On the national front, Renato Loiero, advisor to the president of the Council of Ministers, urged a move beyond a merely formal view of rules, drawing attention to the purposes of norms and their capacity to produce concrete effects.

“The current scenario appears more confused than genuinely multipolar,” said Giampiero Massolo.

Before diving deeper, let's consider some factors influencing governance.

Managerial Roles and Infrastructure

Stefano Antonio Donnarumma, CEO and general manager of Gruppo Ferrovie dello Stato Italiane, concluded the panel by highlighting the crisis in the managerial role and the importance of specialized skills in leadership. Donnarumma also pointed to the infrastructure sector as a strategic lever for industrial recovery and supporting the national supply chain.

“There is a crisis in the managerial role, and specialized skills in leadership are paramount,” said Stefano Antonio Donnarumma.

Insights on Legal Frameworks

Further elaborating on the legal aspects, Gianni highlighted the necessity for robust legal frameworks to support economic activities.

“Law serves as a critical instrument for regulating behaviors and ensuring the proper functioning of the economic and social system,” said Francesco Gianni.

Let's examine how different sectors view governance differently.

Delegation in Corporate Governance

Severino emphasized that effective delegation is crucial for the efficient management of complex organizations. Delegating tasks and responsibilities appropriately ensures that specialized expertise is leveraged effectively.

Next, let's explore the key challenges in modern governance.

The Role of Infrastructure

Donnarumma underscored the pivotal role of infrastructure in driving industrial resurgence and bolstering the national supply chain. Investments in infrastructure are essential for fostering economic growth and stability.

Below is a table that highlight the qualities of effective governance.

Global Governance Crisis

Massolo highlighted the ongoing crisis in global governance, characterized by a move away from an ordered world towards increased fragmentation. This shift poses significant challenges for international cooperation and stability.

Importance of Norms

Loiero emphasized the need to focus on the intended outcomes of regulations rather than merely adhering to their formal aspects. The effectiveness of rules should be judged by their tangible impact.

The meetings facilitated by Diadema Capital aim to foster a deeper understanding of governance challenges and strategic opportunities for Italy in the coming years.