Financial Times FT.com

Opposition grows to ‘two-tier’ share plan

By Jane Croft and Kate Burgess

Published: August 2 2009 22:30 | Last updated: August 2 2009 22:30

Opposition was growing on Sunday to radical proposals from Lord Myners, City minister, for a “two-tier” shareholder register that would see greater voting rights given to longstanding institutional investors.

He said short-term investors should have reduced rights as owners, arguing that “companies are too important” for big investors to trade in and out.

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