SEC: dual-class shares should not last forever

Author: John Crabb | Published: 9 Oct 2018

National securities exchanges in the US should consider changing aspects of their dual-class stock structures to prevent perpetual ownership of stocks within family blood lines. This was the message put forward by US Securities and Exchange Commissioner (SEC) commissioner Robert Jackson in yesterday’s afternoon session, 'Dual-class share voting structures for listed companies: are they here to stay?’ at the International Bar Association's Annual Conference in Rome. 

Echoing a speech made in February in Silicon Valley, Jackson outlined that while he agreed dual-class shares had a very obvious value to shareholders and investors alike, in that they provide control and assurance of control to talented founders...


 

 

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