Eagerness to adopt dual-class shares is worrying

IT IS troubling to find that some companies here have either applied to amend their constitutions to allow them to switch to a dual-class share (DCS) structure, or have already done so, subject to whether the Singapore Exchange (SGX) eventually amends its Listing Rules to permit such structures ("Eight other companies found to have tweaked their charters to allow dual-class shares" BT, Jan 27).

Several questions spring immediately to…