Issuing nonvoting stock allows a company to raise additional capital while maintaining management control and continuity without diluting voting power.

发行无投票权股票允许公司在不被稀释投票权以维持管理层控制和连续性的情况下来增资。

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Companies may issue both voting and nonvoting (or limited voting) common stock, normally differentiating the issues as Class a and Class b, respectively.

公司可以发行有投票权和无投票权(或限制投票权)普通股，一般以A级和B级作为区分。

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Most of the value of the business can be put into the nonvoting stock (often on a tax free basis), with the older generation keeping the reins.

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W. Scripps Co. (nyse: SSP - news - people ), are all insulated from unsolicited offers because they each have one class of voting shares held only by the families, as well as a separate class of nonvoting stock distributed to the public.

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They set up two classes of stock--a large block of nonvoting Class A stock (which was willed to the charitable Ford Foundation) and a much smaller block of Class B stock that had voting rights (and was willed to the family).

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