The Hut

Daily Mail, 29 Aug 2020, The Hut Group under fire over £4.5bn listing

Cliff Weight, ShareSoc director writes: I am quoted in the Daily Mail today questioning the corporate governance of The Hut: https://www.thisismoney.co.uk/money/markets/article-8675511/The-Hut-Group-fire-4-5bn-listing.html Cliff Weight, director of small investors' campaign group ShareSoc, said: 'This is awful corporate governance and I personally would be very wary. 'Share classes that give one type of shareholder more powers than another devalue the secondary class and are therefore undesirable. 'And a 'founder's share' which gives an individual exceptional powers is completely contrary to good corporate governance. Such rights seriously damage board ...
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