Those opposed to dual-class shares for premium listed companies are likely to argue against the stocks’ inclusion in UK mainstream indexes.
Deliveroo recently listed in the UK as a standard company with dual-class shares. Image: Dennis Diatel/Shutterstock
Debate over dual-class shares is unlikely to end with their introduction, says a leading academic, with the argument shifting to demand that companies who introduce such shares should be blocked from inclusion in mainstream indexes.
Luca Enriques, a professor of corporate law at Oxford University, writes that those opposed to dual-class shares for London’s premium listed companies are likely to set out a case that the stocks should not be included in FTSE indexes, the bedrock guide for many funds controlling vast sums in investment capital.
He adds that the wrangling over proposals made in the Hill Review for premium listed companies
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