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Multiple voting shares in a comparative perspective and in the light of CJEU case law
Kelemen, Alexander ; Hurychová, Klára (advisor) ; Černá, Stanislava (referee)
Multiple voting shares in a comparative perspective and in the light of CJEU case law Abstract The submitted thesis comprehensively analyses multiple voting shares (dual class shares) and their current and future development on the European continent. In recent years, it is observable that there has been an increasing trend of adoption of multiple voting shares by companies (primarily in the technological sector), which has been reflected in the increased interest of legislators on this issue. The majority of EU Member States have in recent years adopted the reforms that allow the adoption of devices that override the principle of proportionality of voting rights, and the obvious change in the approach on this issue is also evident in the European Commission. Despite this apparent trend, neither domestic nor foreign literature provides a comprehensive analysis of the impact of the adoption of multiple voting shares on joint stock companies. Thus, the aim of this thesis is to attempt to provide a comprehensive view of multiple voting shares, to assess the effects of their adoption on the internal dynamics of the company's internal relations, its decision-making processes and, last but not least, the impact on the value and economic performance of the company. This corresponds to the central hypothesis of the...
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