Learn how the controversial dual-class stock structure has affected Asia-Pacific from CFA Institute. This report discusses DCS safeguards.
Key stock exchanges in Asia Pacific (e.g., Hong Kong and Singapore) are moving towards allowing companies with dual-class shares (DCS) structures to list.
A DCS structure permits the issuing of different classes of shares with differential voting rights and dividend payment arrangements by the same company.
Such a structure allows entrepreneurs to maintain control of their companies even after successive rounds of financing.
Research objective: Gather views from CFA Institute members in Asia Pacific on the appropriate safeguards in the likely scenario that DCS is introduced.