Share-ownership structure

 In a typical public company, shareholders can elect the board, appoint the auditors, and approve fundamental changes.  In other words, they can participate in the governance of the firm. Firms with dual class shares (DCS) alter this balance by inviting the subordinate shareholders to carry the financial risk of investing in the firm without providing them with the corresponding power to elect the board and exercise other voting rights. I argue that this misalignment of rights and risks should be subject to three modest reforms in order to enhance governance in DCS firms.

Read our latest post from WSGR Partner David J. Berger.

Professor Temin sees the US economy as bifurcated along lines analogous to the situation described in developing world economies by W. Arthur Lewis.

Technology new-economy companies and biotechnology firms that don t have a trackrecord of profitability will be able to apply to list

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Proxy advisor Glass, Lewis & Co. recently released its 2018 Canadian Guidelines to Proxy Advice. Canada Corporate/Commercial Law Goodmans LLP 11 Dec 2017

Top founders can often come to represent their companies -- Elon Musk, for instance, is synonymous with Tesla, and Amazon figurehead is very much Jeff Bezos. But as years go by, thanks to repeated fund raises, these founders don't hold as much economic sway over their companies as they used to.

Alphabet's mission is to “provide unbiased, accurate and free access to information for those who rely on us around the world." Ironically, getting enough information on Alphabet to produce a mock integrated report, like Mike Krzus and I did for ExxonMobil, proved next to impossible.

The perception of activism and the effectiveness of activism have improved across the globe. As activist funds have achieved success in the United States, they have begun to see the European economy as fertile ground...

HKIFA takes ‘positive approach’ in discussions with regulators over safeguards

Glass Lewis’ Policy Guidelines provide an overview of our approach to governance and proxy research. In developing our policies, we consider a diverse range of perspectives and inputs, with ongoing analysis of regulatory developments, academic research and evolving market practices as a starting point."

John Gapper says retaining familial control has become easier, but there is a need for scrutiny

Edward Rogers will become chairman of the board, while his sister, Melinda Rogers, will replace him as deputy chair