Author(s)

Haihua Wu ¹

Affiliation(s)

¹ Accounting School, Nanfang College, Guangzhou, Guangzhou, 510970, China

Corresponding Author

Haihua Wu

ABSTRACT

In recent years, many outstanding technology companies in China have chosen to list overseas with dual-class share structure. The reason is that the dual class shares can prevent the founder's control from being diluted during financing. This article analyzes the first dual-class  company on the Science and Technology Innovation Board in China, UCloud, to explore the impact of dual class shares on corporate governance, and proposes corresponding recommendations: prevent abuse of special voting rights and strengthen the protection of the interests of small and medium shareholders.

KEYWORDS

Dual-class share structure, Voting rights, Ucloud, Controlling shareholders

CITE THIS PAPER

Haihua Wu. The Influence of Dual-Class Share Structure on Enterprises--Take UCloud as an example. Industrial Engineering and Innovation Management (2021) 4: 66-73. DOI: http://dx.doi.org/10.23977/ieim.2021.040211.

REFERENCES

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