ENI’s independent board member is found not guilty and nominated for reelection

In a dramatic victory for investors, independent members and the good corporate governance practices,  Karina Litack, independent board member of the Italian oil company ENI, was found not guilty by Milan’s Office of the Attorney General in the lawsuit filed against her. The matter had been dragging for several months and seemed like a true conspiracy. Amid accusations of corruption against the company’s Board of Directors, Ms. Litack was implicated in a case of “alleged defamation against the company” by an obscure attorney from Sicilia. More information about the case can be found in this article published by The Economist magazine.
After being found innocent by the court, Karina Litack was chosen the company’s minority shareholders to dispute the reelection to the Board of Directors for a 3-year mandate (voto di lista).