Reported about 19 hours ago
Australia's plan to allow dual-class share trading to rejuvenate its listing market encounters strong opposition from investors worried about unequal voting power favoring founders. The ASX is reconsidering the proposal amid a significant decline in new listings, but fund managers remain skeptical, citing governance concerns and a preference for fair voting rights. Despite feedback indicating some companies are interested in dual-class structures, there are fears it could disadvantage retail and institutional shareholders.
Source: YAHOO