Italy’s Golden Power Limits on Sinochem Set to Preserve Pirelli’s U.S. Opportunity
Italy has applied golden power restrictions that limit Sinochem’s board influence at Pirelli, a move Industry Minister Adolfo Urso says will allow the tire maker to pursue business in the U.S. market. The measures cap Sinochem-appointed directors and bar them from holding top executive roles amid concerns over governance and evolving U.S. restricti…