ICEV response to FCA paper on a single segment regime and equal voting rights

The Investor Coalition for Equal Votes (ICEV), which Railpen chairs, was created to push back against unequal voting rights at portfolio companies, which dilute investors’ ability to be effective stewards of capital.

The Coalition submitted a response to the FCA’s Discussion Paper 22/2: Primary Markets Effectiveness Review Discussion, supporting the regulator’s proposals to maintain current Premium listing protections around Dual Class Share Structures (DCSS) in any move to a single segment regime.

This submission is just one part of ICEV’s engagement with companies and policymakers to support the use of “one share, one vote” arrangements which enable shareholders to effectively hold companies to account on savers’ behalf.