Behind every ridiculous business story, there are often dual-class voting shares, which provide one class typically 10 to 20 more votes a share than another.
If you look past the anecdotes , the evidence about dual-class shares is quite surprising. Empirical studies reveal dual-class share structures are associated with better corporate performance than single-class share structures. In this respect, super voting shares are like almost every other governance practice advocated by the governance industry: none of them are supported by the empirical evidence.
Concerning the most critical issue of long-term economic performance, corporate law and governance professor Bobby Reddy of the University of Cambridge summarizes this
France Dernières Nouvelles, France Actualités
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