Sentences with phrase «voting share structure»

Not exact matches

Zynga announced a new share structure Wednesday that voluntarily reduces the voting power of chairman and co-founder Mark Pincus.

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 power.

Facebook CEO Mark Zuckerberg, for example, tried to propose a share structure that would allow him to maintain voting control of the company even as he sold off most of his shares to support philanthropic causes.

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.

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.

Fiat Chrysler Automobiles and Ferrari, in which Exor has large stakes, both have versions of loyalty structures, under which investors who hold shares for a certain period and register them receive additional special shares giving them additional voting rights.

One of the governance principles is that «Shareholders should be entitled to voting rights in proportion to their economic interest...» In other words, the Group does not favour multi-voting share structures that characterize over 80 companies on the TSX and that have been popular in Canadian IPOs over the last few years (see comments on Aritzia's IPO here).

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 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.

He notes that the structure gives the public shares very little voting power, that the proceeds go to repaying the parent company's debt, that the valuation is far below what analysts expected, and that the underwriters are weak.

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.

Yes, noted on the share / voting structure — no big surprise though, considering the structure / evolution of the industry.

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 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!

First, note that Baupost's voting power has improved significantly from March (see Figure 1) without buying any shares because the ownership structure has changed.

Because voting power is a function of both individual ownership and the overall ownership structure, it is actually possible to minimize your lost voting power (on a per share basis) by strategically selecting low - impact buyers.

It must also provide a chart indicating the enterprise's structure, shareholders, subsidiaries and parent companies, including the relationships between the different entities and their percentages of voting shares.

The 31 % increase in Facebook shares will mean that the sale of up to 75 million shares can go ahead without any changes to the voting structure, while still raising the amount required.