Kingpin804

Which of the following firms is most likely to have a board of directors that considers the best interest of all shareholders?

A) Firms that assign a single vote to each share, but not firms with different classes of common equity with supermajority rights given to one class.

B) Firms that assign a single vote to each share, and firms with different classes of common equity with supermajority rights given to one class.

C) Neither firms with different classes of common equity with supermajority rights given to one class, nor firms that assign a single vote to each share.

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Firms that assign one vote to each share are more likely to have a board that considers the best interest of all shareholders. Firms with dual classes of common equity where supermajority rights are given to one class are likely to have boards that focus on the interests of the supermajority shareholders.