CEO of the Lundbeck Foundation defends share split proposal
The Lundbeck Foundation’s proposed new share structure, which comes with differentiated voting rights, should not be viewed as a grasp for power. Rather, the move is meant to provide stability, says CEO Lene Skole.
by STEFAN NYGAARD HANSEN, translated by daniel pedersen
It provoked criticism when the majority stakeholder in pharmaceutical firm Lundbeck, the Lundbeck Foundation, proposed a new share structure entailing shares with weaker voting rights than others. Opponents said this would dilute shares without the majority owner having to relinquish any power.
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