ECGS supports call for Ericsson to equalise voting rights

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EUROPE - European Corporate Governance Service (ECGS), an alliance of the leading corporate governance research and advisory groups in Europe, has recommended support a shareholder resolution to be proposed at Ericsson's forthcoming AGM, on March 27 to equalise the voting rights of its ordinary shares.

Ericsson’s listings on the German, London Paris and Swiss exchanges and Nasdaq are of its B shares (or ADR equivalent) which have only one thousandth the voting power of an A share. This means that...

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