ATFXThe difference between the same stock with the same rights and the same stock with different rights poses a risk of loss in investment

In the governance of limited liability companies, the concept of "equal rights for the same share" and "different rights for the same share" has always been a hot topic of concern. Next, the editor will take everyone to see the difference between the two?

The difference between the same shares with the same rights and the same shares with different rights?

【1】Different definitions

'Same share, same rights' refers to the same shares with the same rights. And 'same share but different rights' refers to the same shares with different rights.

【2】Different shareholder rights

The concept of "equal rights with equal shares" emphasizes the equality of rights among shareholders, which not only refers to the equality of legal status, but also refers to the same shares that have the same rights among different shareholders, without any difference in quality, quantity, or height.

The term 'different rights for the same share' refers to the fact that shareholders have different decision-making, supervisory, or asset return rights over company affairs. From the perspective of corporate control, it refers to the unequal voting rights among shareholders. For example, some shareholders have one vote per share, while others have multiple votes per share.

【3】Different obligations of shareholders

Similar to rights, 'same share, same rights' emphasizes that shareholders' rights and obligations are the same, while' same share, different rights' emphasizes that shareholders' rights and obligations are different.

【4】Different company structures

In the case of "same stock and same rights", the control of the company and the ownership of the company are together, while in the case of "different rights for the same stock", the control of the company and the ownership of the company are separated.

In addition, according to the existing Company Law, only limited liability companies can establish a dual equity structure, while joint-stock companies can only "share the same rights".