Italy says working to ensure management continuity at Finmeccanica
ROME (Reuters) - Italy's Economy Ministry on Tuesday said that it was working to provide management continuity and protect shareholder interest at state-owned defence group Finmeccanica (SIFI.MI), according to a statement.
"The ministry is working to ensure that the company rapidly adopts a governance system that is able to guarantee the needed management continuity, the protection of shareholders' interests - and therefore of the taxpayer - and the maximum correctness and transparency in decision making," the statement said.
Finmeccanica Chief Executive and Chairman Giuseppe Orsi was arrested Tuesday over bribes allegedly paid to secure the sale of 12 helicopters to India when he was head of the group's AgustaWestland unit, a judicial source with direct knowledge of the situation told Reuters. (Reporting by Steve Scherer)
- Tweet this
- Share this
- Digg this
- PM Modi says al Qaeda will fail in India - CNN
- Scots spurn independence in historic vote, nationalist leader resigns
- Eight bodies found after attack on Guinea Ebola education team
- India TV anchor's number is up after naming China's Xi 'Eleven'
- CORRECTED-UPDATE 2-SAP agrees to buy expense software maker Concur for $7.3 bln
India has capped the prices of 36 drugs, including those used to treat infections and diabetes, in its latest move to make essential medicines more affordable, a senior official of the country's drug pricing authority told Reuters on Friday. Full Article
Obama to nominate Indian-American Richard Verma as India ambassador - congressional source. Full Article
Top rice exporter India importing over 100,000 T on temporary supply squeeze. Full Article