Several months ago Facebook announced a plan to create a new, third class of nonvoting shares, designed to further strengthen Mark Zuckerberg’s voting control. According to the latest proxy information, he already holds approximately 60% of the voting power in a two class stock structure. A trial for a class action law suit, seeking to … Continued
According to Wikipedia, corporate governance broadly refers to the mechanisms, processes and relations by which corporations are controlled and directed. Governance structures are intended to identify the distribution of rights and responsibilities among different stakeholders, including; boards of directors, management, employees, shareholders, creditors, auditors, regulators and others. Interest in the corporate governance practices of modern … Continued
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