Opinion: Multiple share classes and shares with double voting rights: State of play and reasons for success
de La Bruslerie, Hubert
Opinion: Multiple share classes and shares with double voting rights: State of play and reasons for success - 2023.
3
Multiple share classes and shares with double voting rights are becoming increasingly popular, contradicting the pre-eminence given by financial governance to the principle of equality of shareholders, known as “one share-one vote.” The legal mechanisms used vary from country to country. This paper proposes an inventory and a review of the reasons that push companies to segment their shareholding and to favor the concentration of economic power. It appears that a dynamic approach is needed to analyze multiple share classes.
Opinion: Multiple share classes and shares with double voting rights: State of play and reasons for success - 2023.
3
Multiple share classes and shares with double voting rights are becoming increasingly popular, contradicting the pre-eminence given by financial governance to the principle of equality of shareholders, known as “one share-one vote.” The legal mechanisms used vary from country to country. This paper proposes an inventory and a review of the reasons that push companies to segment their shareholding and to favor the concentration of economic power. It appears that a dynamic approach is needed to analyze multiple share classes.
Réseaux sociaux