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.
Lene Skole, CEO at the Lundbeck Foundation | Photo: Gregers Tycho/ERH
Lene Skole, CEO at the Lundbeck Foundation | Photo: Gregers Tycho/ERH
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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