New governance standards coming to SoftBank

Nov. 05, 2019 4:16 AM ETWeWork Inc. (WE), SFTBYSFTBF, SFTBY, WEBy: Yoel Minkoff, SA News Editor4 Comments
  • The WeWork (WE) debacle is leading SoftBank (OTCPK:SFTBY) to adopt tougher governance standards as the Japanese group aims to reduce the outsized control of startup founders and restore confidence in the companies it backs.
  • Under consideration are restrictions on dual-class share structures, board seats and voting rights.
  • SoftBank is also set to write down at least $5B today due to a slump in value of WeWork, as well as some other top holdings.

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