... of the future direction of corporate governance and accountability, which touches upon investor activism, the global convergence in corporate governance, and corporate- governance reform In conclusion, ... fine tuning and refining of corporate- governance mechanisms rather than dramatic changes and reforms The chapter provides a useful historic overview and summary of the corporate- governance reports ... illustrates the dangers associated with weak corporate governance and ineffective checks and balances The author observes that while the U.S and Italian corporate- governance systems are very different,...