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voting rights

May 10, 2013

The Ford family has retained control over the eponymous automaker, despite a growing number of shareholders voting in favour of ending dual-class shares. 

The Ford family has retained control over the eponymous automaker, despite a growing number of shareholders voting in favour of ending dual-class shares.

At the company’s 58th annual meeting, 33.4% of shareholders, the highest tally ever, backed the proposal to end the class of shares that allows the family to control Ford Motor. Last year 29.5% voted against the company’s dual-share structure.

April 19, 2012

Rupert Murdoch’s grip on News Corporation seemed to weaken on Wednesday, after a breach of US law forced the media conglomerate to suspend the voting shares of some of the 81-year-old’s biggest allies. 

Rupert Murdoch’s grip on News Corporation seemed to weaken on Wednesday, after a breach of US law forced the media conglomerate to suspend the voting shares of some of the 81-year-old’s biggest allies.

In a statement, News Corp said that in order to comply with foreign ownership rules relating to the US 1934 Communications Act, it was suspending 50% of the class B voting rights of its non-US investors.

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