MedWatch

Lundbeck chair on shareholder criticism: Share split benefits everyone

Chair Lars Rasmussen defended the controversial share split proposed by the Lundbeck Foundation, meant to ensure power stays where it is, at the company’s annual general meeting.

Photo: Gregers Tycho/ERH

The chair of Lundbeck’s board of directors, Lars Rasmussen, had to defend the company’s recent decision to split shares, meaning that some shares would come with weaker voting rights at general assemblies than others.

The proposal, which originates at majority owner of the company with 69 percent of shares, the Lundbeck Foundation, has been met with criticism from Danish pension fund ATP as well as the Danish Shareholders Association. Despite this, Rasmussen maintains that this is the right path forward to prepare Lundbeck for future growth.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from MedWatch

Further reading

Related articles

Latest news

See all jobs