Sentences with phrase «dual class structures»

If dual class structures are so evil, why doesn't; t that apply to companies regardless of country.

For a description of the dual class structure, see «Description of Capital Stock.»

Yet MVS make for poor accountability and bad corporate governance, which is perhaps why the dual class structure is listed as a risk factor in the IPO prospectus.

Not exact matches

The Hong Kong stock exchange has introduced new rules allowing companies with dual - class shareholding structures and biotechnology firms yet to generate revenue to apply for listings from April 30, as it races to stay ahead of competing bourses in Shanghai, New York and Singapore to attract big technology firms and become the world's largest stock exchange.

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.

Among his biggest grievances are dual - class share structures.

Now, Greenlight Capital is proposing a dual share class structure they say will unlock between $ 13 billion and $ 38 billion in shareholder value.

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.

Still, the CCBE study indicates dual - class structures may actually contribute to the outperformance of family - controlled firms.

Dual - class structures can be a good thing for investors if they're set up properly, says Som Seif, founder and CEO of Purpose Investments Inc., a fund manager with more than $ 1 billion in assets under management.

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.

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.

«Given Google's success, it's unsurprising this type of dual - class governance structure is now somewhat standard among newer technology companies,» he said.

The move represents the first big reversal of the controversial dual class stock structure that has been embraced by tech executives from Facebook's Mark Zuckerberg to Snap's Evan Spiegel.

But when the feds announced a $ 372 - million loan to Bombardier this week, the dual - class structure remained intact.

Particularly, common shareholders need to be protected if a company institutes a change of control or collapses its dual - class structure.

«The dual - class share [structure] will be forced to collapse,» says Higgins.

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.

We also drew criticism because of the way we opted to structure our dual - class common stock.

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.

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

Executives at companies with dual classes argue that the structure allows them to focus more on long - term performance than short - term returns.

This truly is a powerful privilege, and one that Zuckerberg has probably made some personal financial sacrifices in order to obtain, since the dual - class structure likely depresses the value of Facebook stock somewhat.

Dissident shareholders of Twenty - First Century Fox Inc. (formerly part of the News Corp. media empire) are pushing Chairman and Chief Executive Officer Rupert Murdoch to give up the dual - class structure at the film and television company.

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.

The Roberts family controls Comcast through a dual - class stock structure.

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

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.

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

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

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.

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.

A dual class capital structure, of course, effectively assures the latter outcome.

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.

[23] Although there were occasional exceptions, the most prominent being the 1956 listing of Ford Motor Company despite its dual class capital structure, the basic policy remained in effect until the mid-1980s.

Famous firms such as Ford and Hershey retained (as they still do) dual class capital structures.

Its global indices will continue to include companies with dual class capital structures.

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.

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.

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.

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.

Greenlight discussed its plan privately with GM for a number of months but went public after the board dismissed the plan citing a number of concerns, including valuation uncertainty, the potential to jeopardize GM's investment grade credit rating, a lack of established market demand and governance conflicts associated with a dual - class structure.

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.

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.

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.

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

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.