kaal:claim:1908473-030

The second trigger voting rights increase should never actually be triggered; its function is to level the playing field between constituents, incentivize negotiation, and provide an alternative to reorganization.

Source quote, verbatim

The second trigger voting rights increase should never actually be triggered. Rather, it should help level the playing field between constituents and incentivize negotiation and provide an alternative to reorganization.

From

Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011), IV.B.2.b. U.S. Law, p. 44
https://ssrn.com/abstract=1908473 · source PDF

Cite as

Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011). SSRN: https://ssrn.com/abstract=1908473

Classification

normativesupport: arguedgovernance-designcontingent-capital

Related claims

extended_by kaal:claim:2061166-034 A second, sequential trigger placed before reorganization or resolution cushions the risk that policy makers m...

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