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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One share, one vote for Accor's shareholders?
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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