UK to review dual-class shares as part of consultation on listings
Chancellor Rishi Sunak has included dual-class shares in a review of UK listings, with the ICGN warning that they risk lowering governance standards.
Image: Alexey Godzenko/Shutterstock
Dual-class shares, long a point of friction in financial markets around the world, are set to become a battleground in the UK. The development comes after the chancellor Rishi Sunak included shares with special, or weighted, voting rights in a new consultation looking at a number of listing rules. The arguments have already begun.
On one side are institutional shareholders anxious not to see their influence diminished by the creation of super-powered shares. On the other are public markets keen to attract the listings of big tech companies whose founders are keen to retain a grip on control of their companies.
The UK debates was kicked
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