Is it only in the US where it is allowed for stock shares to have no voting power?
Because I think this couldn't be done in HK or UK stock market.
Because I think this couldn't be done in HK or UK stock market.
'Hong Kong’s bourse doesn’t allow share classes with different voting rights, as the U.S. does. Such arrangements helped Zuckerberg and Google co-founders Larry Page and Sergey Brin keep control of their companies after they went public."
It almost never carries voting rights.