Editorial: Multiple Voting Rights: What to Do With Nessie in Our Bed? - European Company Law View Editorial: Multiple Voting Rights: What to Do With Nessie in Our Bed? by - European Company Law Editorial: Multiple Voting Rights: What to Do With Nessie in Our Bed? 22 3

In this article, I discuss the implications of the Multiple Voting Rights Directive of 23 October 2024, which requires EU Member States to permit multiple voting structures for companies listing on multilateral trading facilities. I reflect on the abandonment of the one-share-onevote principle, assess the risks of excessive flexibility in shareholder rights, and highlight the challenges of effective minority protection and market liquidity. Finally, I question the assumption that legal reform alone will significantly enhance the attractiveness of EU capital markets.

European Company Law