Introduction
This short paper is fundamentally a reflection on the subject, a medium size Italian municipality, that one of Terni, with about 110.000 inhabitants (number rather stable from 2000), about 1.000 employees and a budget (2008) of €370 million. This municipality has 3 fully owned corporations, participates with high percentages in 3 corporations and has minority in others 5.
Due to the paucity of space and time is virtually impossible to establish a strong empirical research method, the following relationship will evolve, by necessity, on a theoretical and analytical way.
I intend to deepen the capability to apply proper corporate governance strategies, in order to fulfil the will of the principal, corporate entrepreneurship principles[3], the propensity to use PPPs and the ability to develop dynamic efficiency inside them.
We move in a panorama in which persists an ideological attacks against the state intervention in economy, and in which the European legislation, as implemented by the Italian Parliament, progressively reduces the role of local and central state in the management of public services.
