One share, one vote for Accor's shareholders?


An interesting example of how pressure from influential shareholders might test boardroom resolve as Accor's board fights to "foster loyalty and stability among shareholders".

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AccorHotels (ACCP.PA) faces a battle at its annual shareholder meeting on Friday as a group of investors tries to block the granting of double voting rights to some long-term shareholders. Europe's largest hotel group has seen some big changes in its shareholder base recently, with investors from China, Saudi Arabia and Qatar now holding a combined 29 percent stake.Soon, these shareholders - which include Chinese competitor Shanghai Jin Jiang (600754.SS) - could qualify for double voting rights under rules adopted by the French company.
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