Sentences with phrase «dual class shares»

Family that controls it has little over 25 % economic ownership but > 60 % of voting control via dual class shares.

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.

It is based on her article, «Governance in dual class share firms,» forthcoming in the Annals of Corporate Governance and available in draft here.

The case is important as other companies with dual class shares may contemplate similar collapses,» York University's Leblanc wrote.

Unification of Dual Class Shares in Canada with Clinical Case on Magna International Authors: Ben Amoako - Adu and Brian F. Smith, Vishaal Baulkaran, Financial Services Research Centre, School of Business and Economics, Wilfrid Laurier University, February 15, 2011

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.

As discussed in our prior post, SGX has sought input from stakeholders on possibly allowing issuers to adopt dual class share («DCS») structures for newly listed issuers.

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.

Firms with dual class shares (DCS) alter this balance by inviting the subordinate shareholders to...

The Council of Institutional Investors, an association representing funds and managers with over $ 3 trillion in assets under management, is «no fan of dual class shares or entrenched founders.

«Dual class shares are a pillar of our industrial structure,» wrote Yvan Allaire last year, executive chair at the Institute for Governance of Private and Public Organizations in Montreal.

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

But it is important that investors, especially retail investors, understand the implications of investing in a dual class share company and that regulators ensure that investors are protected.

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.

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.

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.

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

Acted for a number of institutional shareholders before the OSC and the court in opposing Magna's proposal to eliminate its dual class share structure.

«If you pick up any of the recent U.S. IPO prospectuses such as Facebook they are filled with dual class shares and staggered boards so clearly companies accept that they can take action outside the ISS process and I think they are preparing for shareholder activism,» he said.

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