Multiple Voting Rights in Shares - Old Misconceptions and New Challenges

Research output: Contribution to journal › Journal article › Research

Standard

Multiple Voting Rights in Shares - Old Misconceptions and New Challenges. / Hansen, Jesper Lau.

In: Nordic and European Company Law, LSN Research Paper Series, No. 23-06, 2023.

Research output: Contribution to journal › Journal article › Research

Harvard

Hansen, JL 2023, 'Multiple Voting Rights in Shares - Old Misconceptions and New Challenges', Nordic and European Company Law, LSN Research Paper Series, no. 23-06. https://doi.org/10.2139/ssrn.4590616

APA

Hansen, J. L. (2023). Multiple Voting Rights in Shares - Old Misconceptions and New Challenges. Nordic and European Company Law, LSN Research Paper Series, (23-06). https://doi.org/10.2139/ssrn.4590616

Vancouver

Hansen JL. Multiple Voting Rights in Shares - Old Misconceptions and New Challenges. Nordic and European Company Law, LSN Research Paper Series. 2023;(23-06). https://doi.org/10.2139/ssrn.4590616

Author

Hansen, Jesper Lau. / Multiple Voting Rights in Shares - Old Misconceptions and New Challenges. In: Nordic and European Company Law, LSN Research Paper Series. 2023 ; No. 23-06.

Bibtex

@article{29e0719fd54044d3a97fd9fc9c2fc315,
title = "Multiple Voting Rights in Shares - Old Misconceptions and New Challenges",
abstract = "Shares with multiple voting rights have been known in Nordic company law for generations and are considered harmless and frequently useful. Nordic company law leaves considerable flexibility to companies and their investors on how to design the capital structure of the company, including the use of MVR shares, while ensuring a high level of minority protection. However, there are many misconceptions surrounding MVR shares in other jurisdictions, probably due to a lack of familiarity. This used to be a problem only for foreigners but now the Nordic jurisdictions are at risk of having these misconceptions forced upon them, partly by EU harmonisation, partly by foreign proxy advisors. It is necessary for those, whose responsibility it is to protect and safeguard the present well-functioning Nordic system to prevent this, i.e. both public authorities and the national CG committees, and a few solutions are presented to that end.",
keywords = "Faculty of Law, Company law, Corporate Governance, MVR Shares, EU Law",
author = "Hansen, {Jesper Lau}",
year = "2023",
doi = "10.2139/ssrn.4590616",
language = "English",
journal = "Nordic and European Company Law, LSN Research Paper Series",
number = "23-06",

}

RIS

TY - JOUR

T1 - Multiple Voting Rights in Shares - Old Misconceptions and New Challenges

AU - Hansen, Jesper Lau

PY - 2023

Y1 - 2023

N2 - Shares with multiple voting rights have been known in Nordic company law for generations and are considered harmless and frequently useful. Nordic company law leaves considerable flexibility to companies and their investors on how to design the capital structure of the company, including the use of MVR shares, while ensuring a high level of minority protection. However, there are many misconceptions surrounding MVR shares in other jurisdictions, probably due to a lack of familiarity. This used to be a problem only for foreigners but now the Nordic jurisdictions are at risk of having these misconceptions forced upon them, partly by EU harmonisation, partly by foreign proxy advisors. It is necessary for those, whose responsibility it is to protect and safeguard the present well-functioning Nordic system to prevent this, i.e. both public authorities and the national CG committees, and a few solutions are presented to that end.

AB - Shares with multiple voting rights have been known in Nordic company law for generations and are considered harmless and frequently useful. Nordic company law leaves considerable flexibility to companies and their investors on how to design the capital structure of the company, including the use of MVR shares, while ensuring a high level of minority protection. However, there are many misconceptions surrounding MVR shares in other jurisdictions, probably due to a lack of familiarity. This used to be a problem only for foreigners but now the Nordic jurisdictions are at risk of having these misconceptions forced upon them, partly by EU harmonisation, partly by foreign proxy advisors. It is necessary for those, whose responsibility it is to protect and safeguard the present well-functioning Nordic system to prevent this, i.e. both public authorities and the national CG committees, and a few solutions are presented to that end.

KW - Faculty of Law

KW - Company law

KW - Corporate Governance

KW - MVR Shares

KW - EU Law

UR - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4590616

U2 - 10.2139/ssrn.4590616

DO - 10.2139/ssrn.4590616

M3 - Journal article

JO - Nordic and European Company Law, LSN Research Paper Series

JF - Nordic and European Company Law, LSN Research Paper Series

IS - 23-06

ER -

ID: 368899794