Should Dual-Class Shares Be Banned?
Voices against dual-class shares, which violate the principles of corporate democracy and the precept of “one share one vote,” have increased over time. An influential 50-member Investor Stewardship Group (ISG), overseeing $22 trillion in assets, demands a total elimination of dual-class stock. Council of Institutional Investors (CII), representing managers of $25 trillion assets,...
Posted by: Vijay Govindarajan - 12/06/2018 at 06:39 am