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
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »
Source: globebusiness - 🏆 31. / 66 Read more »