IGOPP in the Medias

In recent times, the simmering feud between the church of the one share-one-vote and the heretic believers in shares with unequal voting rights has boiled over, particularly in the U.S.

I welcome the opportunity to share a few observations on Professor Coffee’s two CLS Blue Sky Blog posts (here and here) on dual class common stock, and those of professors Gordon, Goshen, and Mitts written in response, from the perspective of a practicing IPO lawyer.

John C. Coffee's response to professors Zohar Goshen and Joshua Mitts — who each argue against mandatory sunset provisions on super-voting stock (Professor Gordon provides an overview with which I largely concur).

Below, comment from Yvan Allaire, Executive Chair of the Board of Directors, Institute for Governance (IGOPP) 

By the late 2000s, independent directors were in the majority on the boards of almost every type of U.S. organization. While this achievement may have improved corporate governance, it was not the …

In "Should Say-on-Pay Votes Be Binding?,"  two executives from the Institute for Governance of Private and Public Organizations in Canada explore the unintended consequences of say on pay

 L'Institut sur la gouvernance d'organisations privées et publiques (IGOPP) a publié un texte sur le rétablissement de la gouvernance propre au CHU Sainte-Justine dans l'édition du quotidien Le Devoir du 16 octobre 2016.

Statistique Canada a estimé qu’en 2017, « environ 4,9 millions de Canadiens âgés de 15 à 64 ans ont dépensé un montant estimatif de 5,7 milliards de dollars pour se procurer du cannabis à des fins médicales (10 % du marché) et non médicales (90 % du marché).

I would like to make two points in response to Professor Coffee’s piece on dual class common stock.

Michel Nadeau, head of a think tank on governance of public and private companies, said Neron’s brand was strong in Quebec, and she was one of the few people to make a name in the jewelry market.

By the late 2000s, independent directors were in the majority on the boards of almost every type of U.S. organization. While this achievement may have improved corporate governance, it was not the panacea that some had anticipated, as subsequent events like the financial crisis of 2008 brought down even some of the best governed corporations.

Nearly 15 years after Google’s initial public offering, the debate about listed companies that offer unequal voting rights to outside investors rages on. A number of high-profile technology companies including Dropbox Inc., Spotify and Snap Inc. have recently listed shares with unequal voting rights, adding fuel to the debate.2 Meanwhile, investors are trying to determine if they should shun the stock issued by these companies or include them in equity portfolios.

La gouvernance du groupe de BTP et concessions français Vinci a été épinglée lors de son assemblée générale mardi, les actionnaires ayant reconduit le PDG lors d’un vote sans panache, tandis que le contrat de prestations d’un administrateur était renouvelé de justesse.

Yvan Allaire: A common approach from a large number of TSX 60 companies would help stand up to proxy advisers

Statistiques Canada a estimé qu’en 2017, « environ 4,9 millions de Canadiens âgés de 15 à 64 ans ont dépensé un montant estimatif de 5,7 milliards de dollars pour se procurer du cannabis à des fins médicales (10% du marché)  et non médicales (90 % du marché)...