ICEV Chair, Caroline Escott, argues that the FCA's 2023 UK listings rules proposals (CP23/10) – including further enabling of dual-class share structures – will harm, not help, UK capital markets.
In this article, Caroline Escott, comments:
"Proponents of a more relaxed approach to shareholder rights underestimate the extent to which investor-friendly corporate governance standards have shaped the UK’s desirability on the world stage. The UK’s protections for minority shareholders are both fundamental to its USP and necessary for healthy capital markets."