Typically, their A-class stock entitles owners to one vote per share while B-class bestows ten votes.
Moreover, public shareholders get only one vote per share, compared with ten per share for insiders.
Typically, their A-class stock entitles owners to one vote per share, while B-class bestows 10 votes.
In 1984 they used controversial legal maneuvers to steal away voting control from outsiders who'd originally bought into a one-share, one-vote structure.
The one-share-one-vote principle is clearly being violated if the government has the power to force the company to support development goals at the expense of shareholder returns.
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Unlike its quoted peers, Och-Ziff Capital Management and Fortress Investments, GLG chose to float with a one-vote-per-share structure, although its founders do retain dominant stakes.
"We believe in one share, one vote, and if all we get back are bromides about the need to preserve journalistic integrity, we think the burden is on the company to prove its model maximizes shareholder value, " says Christopher Young, of proxy adviser Institutional Shareholder Services.
In the last one its share of the vote was only three points higher than the Tories', but the first-past-the-post system, and the less-even distribution of Conservative voters, translated this slender preference into 356 seats in the 646-member House of Commons.
In 2008 the Conservatives managed to squeeze an extra 19 seats from an increase of just one percentage point in their share of the popular vote.
"Any democracy in which one party has 65 percent of the vote and all the other parties share in the remaining 35 is not healthy, " said de Klerk, who spoke with Amanpour during a summit of Nobel laureates in Chicago.
The Welsh Lib Dems may only have lost one seat in the Welsh Assembly elections but their share of the vote slumped.
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Indeed, its relatively successful management of the economy is one reason why AK was re-elected with an even bigger share of the vote in 2007.
The incumbent's share of the vote was cut to just under the crucial 50% plus one ballot threshold needed for outright victory, following an investigation by the UN-backed Electoral Complaints Commission.
In one opinion poll this week, over 15% of the electorate said they would vote for her, twice her share in the last general election.
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