A folding panel assembly includes at least first and second, substantially rectangular panels, the first panel having first and second vertical ends, and the second panel having third and fourth vertical ends, the second and third vertical ends being hinged to one another about a hinge axis parallel thereto. An actuating system includes a substantially horizontal track, with a first pivot support for connection to the first panel, a carriage traversable along the track, with a second pivot support for connection to the second panel. The actuating system further includes a flexible drive element arranged parallel to the track and engaging the carriage for traversing it along the track. The actuating system employs an elongated connecting rod with a first longitudinal end pivotally connected to the carriage and a second, opposite longitudinal end pivotally connected to the first panel at a location adjacent to the second vertical end thereof. A line including the first and second longitudinal ends of the elongated connecting rod, in use, is excluded from becoming aligned with respect to the first panel in any position of the carriage along the track.