One share, one vote has long been a pillar of corporate governance in the UK. Britain is one of the few markets that has consistently rejected multiple share classes on the grounds that they give certain investors voting rights that are disproportionate to their economic interest. A big part of London’s appeal has been in offering a “gold standard” when it comes to listings. So the news that the government has been sounding out the investment industry about relaxing its position on the use of dual-class share structures will not go down well in governance circles.
一股一票制向來是英國公司治理的一個支柱。英國是一向拒絕多重股權(quán)結(jié)構(gòu)的少數(shù)幾個市場之一，理由是這類結(jié)構(gòu)給予某些投資者與他們所享有的經(jīng)濟利益不相稱的投票權(quán)。倫敦的吸引力有很大一部分在于其提供上市“黃金標(biāo)準(zhǔn)”。因此，有關(guān)政府就放寬其對采用雙重股權(quán)結(jié)構(gòu)的立場征求投資行業(yè)意見的消息，在治理圈子不會受到歡呼。