9th Annual Corporate Governance Conference

4 Dec - 5 Dec 2024

Session information

Founder influence in governance

Thursday 5 December (1045 - 1200)

Description

The rise in concentrated ownership of publicly listed companies and the increasing prevalence of dual class share structures has sparked debate in the world of corporate governance. While these structures can help founders and insiders maintain control, they can also exacerbate problems and entrench management. Our panel will give an overview of the growing number of jurisdictions allowing the issuance of multiple-vote shares – departing from the ‘one share, one vote’ proportionality principle – and the impact that is having on our work including the importance of striking. The panel will also explore, the balance between attracting initial public offerings (IPOs) and protecting minority shareholders. Our panel will discuss the various factors which can influence the success of these structures including local factors such as market sophistication, legal protection for minority investors and private benefits of control.

Session / Workshop Chair(s)

Francesco Gianni Gianni Origoni, Rome, Italy; Member, Senior Lawyers' Committee Advisory Board
Simon Link Hengeler Mueller, Munich, Germany; Co-Vice Chair , Capital Markets Forum

Speakers

Remco Bosveld AKD , Amsterdam, Netherlands
Monique Mavignier BMA Advogados, São Paulo, Brazil; Social Media Officer, Banking & Financial Law Committee
Elina Tetelbaum Wachtell, Lipton, Rosen & Katz, New York, New York, USA