Dual-class share structures: what pension schemes should know

With recent and anticipated initial public offering (IPO) activity from SpaceX, Anthropic and OpenAI, dual-class share structures are in the spotlight as a potential governance risk. 

With these structures becoming increasingly visible, pension schemes must understand where they might be exposed and what unequal voting rights could mean for their approach to governance and stewardship.

In this publication, we explore:

• what dual-class share structures are
• why they create governance and stewardship hurdles for investors
• how pension schemes can adequately address these challenges

Read our publication

If you’d like to discuss any of the themes raised in this article, please get in touch.

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