In the wake of Lord Jonathan Hill’s review of the UK listing regime, which was published last week, dual-class shares could become a bigger thing in London.
Hill recommended that companies on the London’s Premium segment be allowed to have dual-class structures, subject to a few important limitations, such as a five-year sunset and restricted circumstances when the additional power can be used.
It is a controversial area, since it goes against the purist approach to corporate governance, something that London has long touted as a defining characteristic of its regime.
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