The Massachusetts Proposed Amendment aims to introduce a new class of Common Stock with a unique voting structure. Under this proposed amendment, a class of Common Stock will be created where each share holds 1/20th of a vote. This means that for every 20 shares of this class, the holder would have one full voting right. This amendment seeks to bring about equity among stakeholders and provide an opportunity for broader shareholder participation in decision-making. By introducing a class of Common Stock with reduced voting power, the proposed amendment aims to address concerns of unequal voting rights among different shareholders. The creation of this new class of Common Stock, with a voting power of 1/20th per share, will enable a more inclusive decision-making process, giving small investors a voice in important corporate matters. It will also allow for increased representation and diversity within the shareholder base. While there aren't specific named types of the Massachusetts Proposed Amendment, the amendment itself outlines the creation of a distinct class of Common Stock with a 1/20th voting structure. It is meant to complement existing classes of shares, providing a new option for companies to offer differentiated voting rights to their shareholders. The Massachusetts Proposed Amendment is a significant step towards promoting fairness and inclusivity in corporate decision-making. It recognizes the importance of shareholder democracy and aims to create a more balanced and representative governance structure within corporations.
Massachusetts Proposed Amendment to create a class of Common Stock that has 1-20th vote per share
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