Just over two years ago, twenty-three prominent executives representing some of America’s largest corporations and investment firms, including J.P. Morgan, Berkshire-Hathaway, and IBM, published and endorsed the Commonsense Principles of Corporate Governance 2.0. The 2.0 Principles were drafted to serve as a “basic framework for sound, long-term-oriented governance” that were flexible enough to accommodate the…
Tag: Dual-Class
Dual Class Stock Structures: The Need for Shareholder Involvement in Formation and Management
Dual class stock structures have become increasingly popular in the last couple of years. Initial public offerings that feature dual-class stock structures have risen from 4 percent in 2009 to 14 percent in 2018.1 However, their increased usage has also brought on a new wave of skepticism and oversight. This post examines the arguments for…