Actions multi-votantes : le temps du droit ?

La réponse est clairement oui pour la professeure Anita Anand dans une entrevue parue au Financial Post : Time for regulators to take major look at dual class shares (14 mai 2015).

Dans cette entrevue, la professeure Anand a deux solutions pour mettre fin aux actions multi-votantes :

• abolish the inequality and don’t allow IPO issuers to implement them at the IPO stage; or,
• as a less optimal solution, at the first annual meeting of the newly public company, put the matter to a vote of the subordinate voting shareholders. To stay in place, the vote to retain the multiple voting shares should receive approval from the majority of the minority. “This would turn the minds [of the new shareholders] to their issue and they could vote on that,” noted Anand, adding if shareholders vote down the proposed multiple voting structure, they “would remain in the company on an equal footing with every one else

« it’s time to examine this type of capital structure in the interests of the investing public” a-t-elle affirmé.

À la prochaine…

Ivan Tchotourian

Ce contenu a été mis à jour le 22 juin 2015 à 13 h 51 min.