Definition for : Multiple voting shares

As an exception to the general rule, under which the number of votes attributed to each Share must be directly proportional to the percentage of the capital it represents (principle of one Share, one vote), in some countries companies have the right to issue multiple voting Shares. Multiple voting Shares give the right to more votes than is warranted by the amount of capital represented by these Shares. Issue of such Shares allows existing Shareholders to strengthen their control over the company. See also Dual class shares. Also called Shares with multiple voting rights.

(See Chapter 40 Setting up a company or financing start-ups of the Vernimmen)

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