Agree with the author, but how will a ban on non-voting share classes be introduced? As with many Governance issues there is no effective forum to push through reforms and defend the ordinary investor as the Fiduciaries among the investment industry are only providing pious wishes.
(8-June-2017)
Snap and the Rise of No-Vote Common Shares
Yesterday, the SEC’s Office of Mergers and Acquisitions issued an exemptive
order providing issuers and, in some cases, third party bidders with the
flexib...
1 day ago
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