Question

do you think we will continue to see dual class listings in the future?

Answer 1

Please read the whole answer, the answer is mentioned in the end. The reason for such is explained here.

Dual class shares or stocks are various types of shares of a company issued in a single day. It can consists of stock A or stock B. Share can differ on the basis of voting rights or dividend payouts. This is done because , one class of share is issued to public with no voting rights and another to the founders, executives with voting right this is done to have a control over the firm.

But in recent days many stock exchanges have already started not listing companies with dual class shares in their indices. Not letting public vote is advantegeous to a company because it protects the company from investors who need short term profits and harming the long term growth. Recent research suggests that over the term the entrenchment of founders can lead to lower returns ot the investors specially companies with dual shares which deprive a investors from voting rights.

This is the larger harm which a company might go through. cause these leads to less accountibility to the shareholders which is hurt and harm their interest in the company. This will lead to unchecked corporate control and that can be a disaster. So we can conclude that we may not see

"SEC Commissioner Robert Jackson has observed, perpetual dual-class share structures require long-term public shareholders to place their faith not only in a founder, but also the founder’s children and grandchildren. Long after the original visionary is gone, there will still be no disciplining governance mechanism."

So it is quite fair to say corporate accountibility to investors or shareholders is quite needed to survive in the long run. Most investor if they do not have their say in the decision making of the company will lead to concentration of power and control in the hands of few people leading to weak corporate goverance. But in recent recent events in the stock market has given a wake up call to the investors and we will begin to see a return to an appropriate level of shareholder stewardship.

Many bodies like SEC , The investor community including the Council of Institutional Investors, the CFA Institute,[and your own ICGN, among others, have come up with many policies which will ban share classes having super voting rights. And in the future we might see many stock exchanges coming up with ways of ristricted dual shares being listed in their indices. So we can conclude that we might not see dual class listing of shares in the future.