Indonesia’s OJK sets the ball rolling on dual-class shares with draft regulation

An electronic board at the Indonesia Stock Exchange (IDX) in Jakarta. REUTERS/Beawiharta

Dual-class shares — or two classes of shares with different voting rights issued by the same company — may be moving closer to reality in Indonesia.

Indonesia’s Financial Services Authority (OJK) has prepared a draft regulation that may permit the issuance of shares with multiple voting rights (MVR), show details published on the regulator’s website.

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