Founders without Limits

Bobby Reddy teaches Company Law and Corporate Governance at the University of Cambridge, and is a Fellow of the Cambridge Endowment for Research in Finance and a Fellow of Churchill College. He is a former corporate partner at the global law firm Latham & Watkins LLP and was a director and trustee of the charitable corporate governance think-tank Tomorrow's Company.

• Introduction: 1. The cult of dual-class stock in the era of big tech; 2. A tale of two cities and beyond; 3. First among equals? Other methods of creating a divergence between voting and cash-flow rights; 4. Shareholder democracy, and corporate purpose; 5. From controlling shareholders to dual-class stock; 6. Theoretical benefits and detriments of dual-class stock; 7. The empirical evidence on dual-class stock; 8. The existing constraints; 9. A balanced protection package for inferior-voting shareholders; Epilogue; Appendix: The proposed enhanced inferior-voting shareholder protection package for the UK's premium-tier with a comparison to other major dual-class stock exchanges; Index.

'Founders Without Limits is likely to be the definitive work on dual class shares for a generation. It is a superb contribution, written with clarity and wit, which is directly relevant for all public stock markets around the world, at a time when dual class structures are firmly in the policy spotlight.' James Palmer, Partner, Corporate Lawyer and former Chair, Herbert Smith Freehills