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Investors Urge Exchanges To Phase Out Dual-Class Voting

By Tom Zanki ( October 24, 2018, 8:48 PM EDT) -- An investor group on Wednesday petitioned both major stock exchanges to require issuers that use so-called dual-class share structures, which grant outsize voting power to company founders, to phase out such arrangements within seven years after the initial public offering, arguing that unequal voting systems deprive shareholders of a say in corporate affairs....

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