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?
Monday 8 October (1430 - 1545)
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 |