Mourant

IBA Annual Conference Rome 2018

7 Oct - 12 Oct 2018

Session Room T, Level -1

Session information

Dual-class share voting structures for listed companies: are they here to stay?
Session Room T, Level -1

Committee(s)

Securities Law Committee (Lead)

Description

While the steady stream of US tech company initial public offerings using dual (or more)-class share voting structures continues to grab headlines, markets that don’t permit the structure are arguably losing listings. Does all of this mean that multiple-class share voting structures are on the ascendancy? Increasingly vocal pushback on these structures from the largest pension funds and asset managers might suggest otherwise. This panel will review trends in the use and adoption of the structures in the US, Europe and Asia; analyse in which cases the structure is arguably most appropriate; and examine how these structures fit (or don’t) with existing corporate law principles, including board fiduciary duties.

Session / Workshop Chair(s)

Paul Rodel Debevoise & Plimpton LLP, New York, New York, USA; Vice Chair, Securities Law Committee

Speakers

Robert Jackson Jr null, Washington, District of Columbia, USA
Francisco Müssnich BMA Advogados, Rio de Janeiro, Brazil; Regional Representative Latin America, Securities Law Committee
Alessandra Piersimoni BonelliErede, Milan, Italy