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Chairman candidate says Telecom Italia must act as true public company


By Lisa Jucca MILAN (Reuters) – Giuseppe Recchi, the frontrunner to become chairman of Telecom Italia, said Italys largest telecoms group by market value must act as a true public company and as chairman he would represent all shareholders equally. In his first interview since he became a candidate for the post, Recchi, who will leave his job as chairman of oil major Eni if elected by Telecom Italia shareholders on April 16, said he would ensure good corporate governance practices. The board of Telecom Italia, which has competitor Telefonica and three Italian financial institutions as its core shareholders, has been accused by investors of not caring for the interest of smaller shareholders.

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