Founders without Limits: Dual-Class Stock and the Premium Tier of the London Stock Exchange: International Corporate Law and Financial Market Regulation
Autor Bobby V. Reddyen Limba Engleză Hardback – 10 noi 2021
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Specificații
ISBN-13: 9781108839358
ISBN-10: 1108839355
Pagini: 458
Dimensiuni: 158 x 235 x 30 mm
Greutate: 0.82 kg
Editura: Cambridge University Press
Colecția Cambridge University Press
Seria International Corporate Law and Financial Market Regulation
Locul publicării:New York, United States
ISBN-10: 1108839355
Pagini: 458
Dimensiuni: 158 x 235 x 30 mm
Greutate: 0.82 kg
Editura: Cambridge University Press
Colecția Cambridge University Press
Seria International Corporate Law and Financial Market Regulation
Locul publicării:New York, United States
Cuprins
Introduction: 1. The cult of dual-class stock in the era of big tech; 2. A tale of two cities and beyond; 3. First among equals? Other methods of creating a divergence between voting and cash-flow rights; 4. Shareholder democracy, and corporate purpose; 5. From controlling shareholders to dual-class stock; 6. Theoretical benefits and detriments of dual-class stock; 7. The empirical evidence on dual-class stock; 8. The existing constraints; 9. A balanced protection package for inferior-voting shareholders; Epilogue; Appendix: The proposed enhanced inferior-voting shareholder protection package for the UK's premium-tier with a comparison to other major dual-class stock exchanges; Index.
Recenzii
'Founders Without Limits is likely to be the definitive work on dual class shares for a generation. It is a superb contribution, written with clarity and wit, which is directly relevant for all public stock markets around the world, at a time when dual class structures are firmly in the policy spotlight.' James Palmer, Partner, Corporate Lawyer and former Chair, Herbert Smith Freehills
'Bobby Reddy's Founders Without Limits offers the definitive treatment of an issue that will do much to define the public company's role in Britain's corporate economy for decades to come. A thorough treatment of the relevant empirical and comparative evidence provides the platform for timely and persuasive policy recommendations.' Brian Cheffins, S. J. Berwin Professor of Corporate Law, University of Cambridge
'This is a refreshing book. It transcends the rigid thinking that is often evident in the debate about dual class shares. It displays a sophisticated understanding of the motivations of company founders and the nature of company ownership. Bobby Reddy combines an academic's rigour with a practitioner's common sense and a teacher's flair for memorable illustration.' Mark Goyder, Founder of Tomorrow's Company
'Dual-class stock listings of companies are becoming increasingly more attractive to their stakeholders. Bobby Reddy's book is the authoritative exposition of the legal and regulatory development of dual-class stock listings in the US, the UK and around the world. It is an invaluable reference guide for students, academics and practitioners alike.' Dr Guy O'Keefe, Partner, Slaughter and May
'Bobby Reddy's Founders Without Limits offers the definitive treatment of an issue that will do much to define the public company's role in Britain's corporate economy for decades to come. A thorough treatment of the relevant empirical and comparative evidence provides the platform for timely and persuasive policy recommendations.' Brian Cheffins, S. J. Berwin Professor of Corporate Law, University of Cambridge
'This is a refreshing book. It transcends the rigid thinking that is often evident in the debate about dual class shares. It displays a sophisticated understanding of the motivations of company founders and the nature of company ownership. Bobby Reddy combines an academic's rigour with a practitioner's common sense and a teacher's flair for memorable illustration.' Mark Goyder, Founder of Tomorrow's Company
'Dual-class stock listings of companies are becoming increasingly more attractive to their stakeholders. Bobby Reddy's book is the authoritative exposition of the legal and regulatory development of dual-class stock listings in the US, the UK and around the world. It is an invaluable reference guide for students, academics and practitioners alike.' Dr Guy O'Keefe, Partner, Slaughter and May
Descriere
The first comprehensive collation of the international history of, and evidence on, dual-class stock, and their relevance to UK policy.