Sentences with phrase «class voting structure»

«We strongly urge Snap to reconsider the proposed structure, and instead go to market with a single - class voting structure, which overall is associated with stronger long - term performance and mechanism for accountability to owners,» said Kenneth A. Bartsch, the executive director for CII.

Not exact matches

announced a new share - class structure that would voluntarily reduce the voting power of co-founder

In November 2009, Facebook's board of directors voted to establish a dual - class stock structure, moving the existing shareholders stock from Class A to Class B shares, which carry 10 times the voting pclass stock structure, moving the existing shareholders stock from Class A to Class B shares, which carry 10 times the voting pClass A to Class B shares, which carry 10 times the voting pClass B shares, which carry 10 times the voting power.

The gaming company said on Wednesday that it would move to a single class structure, reducing the voting power of chairman and co-founder Mark Pincus.

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.

That means that Zynga will no longer be a «controlled company» with a dual class stock structure in which Pincus wields 70 % of the voting power.

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.

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.

Xiaomi said it would have a weighted voting rights (WVR) structure, or dual - class shares.

Dual - class structures are designed to make it difficult or impossible for non-founder shareholders to generate a majority vote, which is needed to make certain changes at the company, such as replacing the CEO.

We can not predict whether this structure and the concentrated control it affords Mr. Spiegel and Mr. Murphy will result in a lower trading price or greater fluctuations in the trading price of our Class A common stock as compared to the trading price if the Class A common stock had voting rights.

We can not predict whether this structure, combined with the concentrated control by Mr. Spiegel and Mr. Murphy, will result in a lower trading price or greater fluctuations in the trading price of our Class A common stock as compared to the market price were we to sell voting stock in this offering, or will result in adverse publicity or other adverse consequences.

Also it complains about Simon's «opaque disclosure and disenfranchising dual - class capital structure,» which is maybe a bit rich since Macerich simultaneously adopted a poison pill and staggered board to prevent its own shareholders from voting on Simon's offer.

The first is a familiar one: A shareholder group asked Alphabet to scrap its dual - voting structure, proposed four years ago, that clumps most voting power in Class B shares, which are primarily owned by Google co-founders and Alphabet chiefs Larry Page and Sergey Brin.

As a U.S. company, its pay vote is advisory, not binding; moreover the company's share class structure means that approval is effectively assured, with founders» Class B shares carrying ten times the voting power of ordinary Class A. Nonetheless, opposition has been bubbling up, with an amendment to the company's stock plan generating a 28 % against vote at the 2016class structure means that approval is effectively assured, with founders» Class B shares carrying ten times the voting power of ordinary Class A. Nonetheless, opposition has been bubbling up, with an amendment to the company's stock plan generating a 28 % against vote at the 2016Class B shares carrying ten times the voting power of ordinary Class A. Nonetheless, opposition has been bubbling up, with an amendment to the company's stock plan generating a 28 % against vote at the 2016Class A. Nonetheless, opposition has been bubbling up, with an amendment to the company's stock plan generating a 28 % against vote at the 2016 AGM.

Dual - class shares refer to the ownership structure of a company, where one class of shares holds some sort of voting power over the other.

The final argument in favour of a dual - class structure that we feel is worth mentioning will resonate more with a retail investor and it is simply that investors don't vote their shares in an «active» manner.

The increasing use of dual - class stock structure, in which founders can have small ownership percentages, but outsized influence over company decisions via voting rights, has played a role.

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.

However, there are company structures where a certain class of shares gets more votes (For example, Class A shares get 10 votes per share, Class B shares get 1 vote per shclass of shares gets more votes (For example, Class A shares get 10 votes per share, Class B shares get 1 vote per shClass A shares get 10 votes per share, Class B shares get 1 vote per shClass B shares get 1 vote per share).

As for the A shares, some will argue their votes have no incremental value, since Page / Brin / Schmidt still have majority control via the super-voting power of their unlisted B shares — but if you think a dual - share structure's a bit evil, just a touch more evil might see significantly different values attached to each share class in some value - realisation event!