Rivista del Diritto Commerciale e del diritto generale delle Obbligazioni

Abstract: The duty to abstain from voting and liability of directors of the related party committee – This work provides an overview of the italian law regards to related parties transactions after the Shareholders Rights Directive II that introduced the obligation of abstention from the vote of the related director in conflict of interest. We therefore reflect on the implications in terms of the related parties committee and of the abstained director himself’s responsibility.  

Sommario: 1. Premessa. – 2. L’obbligo di astensione dal voto ex art. 2391-bis cod. civ. – 3. Doveri degli amministratori e profili di responsabilità. – 4. (segue): profili di responsabilità degli amministratori del Comitato Parti Correlate. – 5. La responsabilità degli amministratori astenuti. – 6. Conclusioni.  

Keywords: Related party transactions — Shareholders’ Directive 2 — Abstention of directors ‘involved’ — Independent directors — Liability.