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Dual-Class shares are coming under pressure

29th September 2017

Author: Bloomberg Markets

 

The rise of index-linked passive investing means trillions of dollars are funneled into dual-class stocks automatically, regardless of corporate governance concerns. So who, then, is going to stem the tide? Only the fund management industry is in a position to do that, says George Cooper, chief investment officer at Equitile Investments Ltd. in London. “We are hiding behind the index process,” he says. “The industry is abdicating responsibility. The buck stops with us.”

Read article on Bloomberg

 

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