Differential share ownership has become a preoccupation with some tech companies but, argues Kerrie Waring, there’s little evidence that it helps companies plan for the long term.
The protection and enhancement of minority shareholder rights has been a long-standing focus of the International Corporate Governance Network (ICGN). As such, ICGN has long advocated a preference for the "one share, one vote" standard as the optimal structure for companies wishing to benefit from access to public capital. This ensures the equitable treatment of all shareholders and prevents managerial entrenchment, particularly in companies where the board is dominated by a controlling owner.
ICGN advises against ownership structures that allow disproportionate control via voting rights over publicly listed companies relative to economic
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda
The UK's Corporate Governance Code has remained largely unchanged since its introduction in 1992. Chris Hodge examines how we can realign its purpose to match today's expectations of what it ought to achieve.
With at least one in nine employees in the average UK workforce being a carer for a loved one, boards should value and support their working carers—or risk losing them, which impacts upon business and society.
Register to receive free article views and resource downloads, plus all the latest news alerts straight to your inbox. Register