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Synccc · 2024年01月11日

麻烦老师讲解一下,这是哪页的知识点

NO.PZ2023090504000004

问题如下:

Which of the following best describes dual-class share structures?

选项:

A.

Dual-class share structures can be easily changed over time.

B.

Company founders can maintain significant power over the organization.

C.

Conflicts of interest between management and stakeholder groups are less likely than with single-class share structures.

解释:

B is correct. Under dual-class share systems, company founders may control board elections, strategic decisions, and other significant matters.

A is incorrect, because dual-class share systems are difficult to dismantle once adopted as the voting control within dual-class systems is held exclusively by company insiders or founders.

C is incorrect, because conflicts of interest between management and stakeholders are more likely than with single-class share structures owing to the potential control element in dual-class systems.

Which of the following best describes dual-class share structures?

您的回答C, 正确答案是: B

A

Dual-class share structures can be easily changed over time.

B

Company founders can maintain significant power over the organization.

C

不正确Conflicts of interest between management and stakeholder groups are less likely than with single-class share structures.

1 个答案

王琛_品职助教 · 2024年01月12日

嗨,努力学习的PZer你好:


1

dual-class structure 是双重股权结构

创始人或高管的 A-share 对应的一股可能投票权有 10 票等

而普通投资者 B-share 对应的是一股只有一投票权

2

一旦设置,很难改变,所以不选 A

相比 single-class share structures,控股股东和少数股东之间的利益冲突会更突出,所以不选 C

3

优缺点,请参考基础班讲义墨迹版 P128

课上的例题,请参考基础班讲义墨迹版 P129

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