Dealpolitik: Alibaba's Governance -- Should Law Decide of Free Market?
Once again a major company seems likely to come to the U.S. with a governance structure that would be prohibited on its home country’s stock exchange. Both Nasdaq and the NYSE would be willing to list Alibaba shares after a public offering despite the Chinese company’s unusual governance structure, the Journal reported this week. A group of partners at Alibaba will have the right to nominate a majority of the directors. The Hong Kong Stock Exchange has reportedly rejected a listing with this type of management control of the board...
Login to comment.