Sentences with phrase «class share structure»

It can be argued that mega-mutual fund advisors have been drawn into an alliance with the shareholder empowerment movement on the issues of proxy access and dual class share structures created through IPOs like Snap Inc.'s, which resulted in a class of non-voting shares, simply because of the business opportunity such an alliance represents.

They may be so big they merit inclusion in the S&P 500 Index, which recently banned dual - class share structures for new entrants.

It is expected to choose New York, where companies can use the dual - class share structure even if the founding shareholder is a company and not an individual.

Some Reflections on Magna and Dual Class Share Structures Author: Professor Jeffrey G. MacIntosh, Toronto Stock Exchange Professor of Capital Markets, Faculty of Law, University of Toronto, June 17, 2011

More recently, Canadian markets have seen dual - class share structures pop up in high profile names like Shopify and Cara Operations.

A dual - class share structure essentially renders the voice of «the people» worthless but with many investors not having a particular insight or inside knowledge of a business and management having a lot of skin in the game, this might not be such a bad thing.

This year, the consultancy expects up to HK$ 250 billion to be raised, supported by rescheduled mega-sized IPOs from last year and a proposed dual - class share structure attracting more companies to seek Hong Kong IPOs.

A judge of the Ontario Superior Court of Justice's Commercial List recently approved a plan of arrangement that eliminated the dual class share structure at Magna International Inc. («Magna») and... [more] Full article

«The transaction is a unique meeting of minds, addressing various strategic objectives of three separate entities, in turn creating a vehicle that offers shareholders exposure to a unique dual - class share structure with a focus on acquiring assets at attractive yields that will enhance earnings and growth prospects for the company,» concluded Gerald Leissner, CEO of GemGrow.

Ironically, there will then be a greater and greater need for dual class share structures, even when they are not being used to protect the «idiosyncratic vision» of a company's founders.

Pincus said in an interview with CNBC that he and the board «talked, questioned, when would it make sense to move from multi-class to single - class share structure.»

Among his biggest grievances are dual - class share structures.

The second largest shareholder of Alimentation Couche - Tard, Jacques d'Amours is the person responsible for maintaining the Quebec - based company's grasp on its dual - class share structure.

Dual - class share structures, which give controlling shareholders more than one vote per share or designate some shares as non-voting, are particularly unpopular among governance wonks and institutional investors.

Stock market Stronach had little incentive to eliminate its dual - class share structure, which allowed him to control the company despite holding less than 1 % of its equity.

When Bombardier started appealing the federal government to provide cash infusion in late 2015, one of the many questions hanging over the negotiations concerned whether the troubled transportation firm would be compelled to scrap its dual - class share structure.

The eight members of the Beaudoin - Bombardier family — heirs of Joseph - Armand Bombardier, who invented the snowmobile — control the company through a dual - class share structure that gives class A shares, 54 % of which are owned by the family members, 10 votes apiece.

Hong Kong is eyeing several tech listings in the coming two years, including those with dual - class share structure, from Chinese firms with a combined market cap of $ 500 billion.

When Facebook staged its initial public offering six years ago, it implemented a dual - class share structure that means Zuckerberg personally controls a majority of the voting stock even though other investors own the majority of the financial value of the company.

In Hong Kong, the dual - class share structure is available only for individuals.

In effect, the non-voting shares are similar to the dual - class share structures that are more common among tech IPOs.

When a company such as Facebook goes public with a dual - class share structure, everyone whines about how shareholder - unfriendly it is.

Aritzia has used this argument to defend its proposed dual class share structure, indicating that by maintaining control, the corporation will not be subject to a takeover bid and will be able to continue on its projected growth path.

But it also creates a dual class share structure, which has given rise to a broader debate about...

But it also creates a dual class share structure, which has given rise to a broader debate about legal protections for outside shareholders and the role that securities regulators should play in Canadian capital markets.

Richard LeBlanc, associate professor of governance law and ethics at York University, on Bombardier's dual - class share structure.

Hong Kong's stock exchange now allows applicants with dual - class share structure, altering a rule that prevented Chinese tech giant Alibaba from listing there five years ago.

Elsewhere on the agenda, six shareholder proposals cover a range of topics, from governance (removing the dual - class share structure) to politics (seeking disclosure regarding lobbying, political spending, and «fake news»).

Those talks ended, however, for the same reason Bombardier always has trouble raising private capital — the company's dual class share structure, which cements control firmly in the hands of descendants of company founder Joseph - Armand Bombardier.

Since then, however, Ratner has lost standing with the parent company, long controlled by family members, which in late 2016 announced it was dismantling its two - class share structure and that he would leave the board.

Obviously past performance of these companies does not mean they will continue to outperform in the future and the analysis does not mean that investors should only hold equities with a dual - class share structure.

About ten years ago, dual - class share structures were getting a lot of negative attention in Canada due to governance issues surrounding their structure.

This long - term point of view leads to another big defense of dual - class share structures.

The forthcoming special meeting asks investors to again consider a repeatedly rejected dual - class share structure.

Canadian telecoms company Telus» (TSE: T) plans to end its dual - class share structure could be a «potential conflict of interest» for certain executives, according to a Canadian business academic.

One of the primary arguments against dual - class share structures that investors will hear is that it supports nepotism and allows families and friends that may not be qualified, or care about the company, to retain control and drive the direction of the company.

A dual - class share structure can allow a management team to ignore the short - termism often seen in financial markets.

Before we dig further into this issue, let's examine what a dual - class share structure is and how it impacts an investor.

Unfortunately, as long as a dual - class share structure is in place, not much can be done to replace the management team.

The other argument against a dual - class share structure is really just a corollary to the previous point and that is the issue that the general shareholder's voice is not heard.

[2] Bradford Jordan, Soohyung Kim & Mark H Liu, «Growth Opportunities, Short - Term Market Pressure, and Dual - Class Share Structure», (2016) 41 J Corp Fin 304, online:

Against the 2014 BSCI criteria, a dual class share structure and a few (but not a majority) non-independent directors lose you up to 17 points out of 150 right off the bat: a tie for 50th place.

The realities of the impact of dual - class share structures are far too nuanced to be deciphered from public filings.

Moreover, one key avenue of recourse — pressure from shareholders — could be less than effective on FANG firms due to the dual - class share structure that gives their founders outsize control.

The Sulzberger family owns 20 % of the New York Times Co. (NYT) but controls 70 % of the board through a dual - class share structure.

Dover Motorsports maintained a dual class share structure, which included common stock and Class A common stock.

As you will remember NC had (and still has) a two class share structure; class A shares are publicly traded on the NYSE while class B shares are held by the controlling family and have 10x the voting rights of class A shares.

But apparently this majority control isn't enough for him... Digicel will boast a dual - class share structure.

This is about sentiment — investors display little concern, for example, over poor corporate governance (like dual - class share structures) in many US tech & (social) media companies.