Abstract
The script is about the internal control of quoted companies with the model of governance so called "traditional". Control as for book-keeping acknowledgment is replaced by a well-organized supervisory service.
The control is retroactive to the planning phase. It isn't posponed to the management, but concurring and complementary.
Doctrine refers to the administrative control function. The watch function is characterized by its strategic and managerial features.
Actors are multiple and organized in organs i.e. offices. We can call them "the monitoring board"; the various committees (the president of board of directors, too), the board of auditors, Cfo, the internal audit and the ODV.
The small sized enterprises evolution towards the modern, complex economic organizations, enhances the organization of the company.
It refers to its structure, nature and company structure. What changes is the regulating principle of the company: from the prices system market, to the hierarchy characterizing the power relations. The agency problems emerge: the adverse selections, the moral hazard and the free rider. If supervision is inadequate, there could verify a misappropriation of corporate opportunities, especially from those who are in clash of interests. Considering that it could be very difficult to reach a direct and detailed control, it is necessary to organize a system of indirect and range controls. From this consideration we understand the importance of an internal control.
The responsability of "mala gestio" is integrated only for structural appropriateness, while diligence concerns only the effort in the fulfilment of contractual obligation. Only information and the care of it characterize the decision-making process.
