19 April, 2021

Dual-class shares come a step closer in the UK as Lord Hill issues review

The report recommends pushing ahead with dual-class shares on the London Stock Exchange, with a consultation on the proposals to follow.

Image: Shutterstock

London has moved closer to the introduction of dual-class shares. Though contentious, a new report compiled for the UK Treasury recommends pushing ahead with dual-class shares for the London Stock Exchange to help calm the fears of nervous tech company founders as they search for a place to list. While some will welcome the proposals by the report’s author, Lord Hill, there are those unsettled by his conclusions. The measure is much debated in corporate governance circles and comes with a catch. The report says shares with extra voting rights should last only five years; the maximum weighted voting ratio should be no more than 20:1 (t

Want to read more? Register with a few details to continue reading this article or log in.

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

dual-class share structure, dual-class shares, Hill Review, Institute of Directors, International Corporate Governance Network, Regulation, Rishi Sunak, shareholders, UK