Tenure Voting Could Shift the Balance of Corporate Power

A great divide exists in the voting power of shareholders in the United States. The majority of American companies have one share, one vote, but more and more companies are going public with a dual-class stock structure. Here, the voting power rests in the hands of the founders or another group of shareholders. It’s time to consider an alternative: “tenure voting,” a system in which shareholders accumulate more votes the longer they hold stock.