Dual-Class Shares: The Good, the Bad, and the Ugly

UTS Business Masterclass in Finance:
"Dual-Class Shares: The Good, the Bad, and the Ugly"

The Finance Discipline Group within the UTS Business School invites you to attend our first UTS Business Masterclass in Finance in 2019 featuring Mary Leung, CFA, Head, Advocacy, Asia Pacific at CFA Institute’s Hong Kong office and special industry guest and discussant - Nathan Lim.

The existence of dual-class shares (DCS) has generated much debate for over a century. Sometimes known as shares with weighted voting rights or unequal voting rights, DCS structures provide owners of certain share classes with superior voting rights, giving them voting control over a company that is disproportionate to their equity shareholding. Mary's presentation will serve as a review of the current debate surrounding DCS and their emergence in Asia Pacfic. Nathan Lim, CFA, Head of Private Wealth Research at Morgan Stanley, Australia, will put the topics of DCS into the Australian context.

More recently, DCS have been controversially discussed in Australia. Mary’s presentation will serve as a review of the current debate surrounding DCS and their emergence in Asia Pacific. We will also invite a member of the local financial industry to put the topic of DCS into the Australian context.

This free Masterclass will conclude with a discussion lead by an invited guest from the local financial industry who will discuss with Mary implications for the Australian market.

Industry Discussant & Co-Host:

Nathan Lim is the Head of Wealth Management Research for Morgan Stanley Australia. Nathan joined Morgan Stanley from Australian Ethical Investmenet where he managed the award winning Australian Ethical International Shares Fund. He started his career in 1995 and has extensive experience in assest management, research and stockbroking that has taken him across Asia, North America, the Middle East and Australia. Nathan is a frequent speaker and writer on the intersection between finance and the environment, has a Bachelor of Commerce from the University of British Columbia, is an Honorary Adjunct Professor with the University of Technology Sydney Business School and is a CFA® charterholder.

Continuing Education (CE) credit for members of CFA Institute:

The CFA Society Sydney has determined that this program qualifies for 1.0 CE credit hour(s) under the guidelines of the CFA Institute Continuing Education Program. If you are a CFA Institute member, use the member app to record your CE credit for your participation in this presentation.

Attendees are invited to continue the discussion and networking over drinks and light refreshments sponsored by the CFA Institute Asia-Pacific Research Exchange (ARX).

Join this unique opportunity to attend our Finance Masterclass to expand your global, regional and local knowledge about the important topic of dual-class shares.

A detailed report published by CFA Institute on this subject can be found here: https://www.cfainstitute.org/-/media/documents/survey/apac-dual-class-shares-survey-report.ashx

About the networking sponsor CFA Institute Asia-Pacific Research Exchange (ARX):
Initiated and developed by CFA Institute, the ARX is a is a research hub that brings together like-minded finance and investment management professionals to share, learn and engage on industry topics and trends specific to the Asia-Pacific region.

For event questions please email gerhard.hambusch@uts.edu.au