Within the field of corporate governance, few issues inspire as much fervor from critics as the use of dual-class or multi-class share structures at certain companies. In recent years, proxy advisory firms and other self-proclaimed good governance advocates have increasingly embraced the ‘one share, one vote’ approach while castigating companies with dual-class stock. But our … Continue reading Re-Thinking The Hostility Towards Dual-Class Share Structures: When Dual-Class Shares Work Better