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5. What are the safeguards that provide shareholders protection against the risk of expropriation by holders of dual-class shares (DCS)? I. Mandatory time-based sunset provisions

5. What are the safeguards that provide shareholders protection against the risk of expropriation by holders of dual-class shares (DCS)?

I. Mandatory time-based sunset provisions

II. Maximum voting differentials

III. Minimum equity holding requirement by DCS holders

IV, Automatic conversion to one-share one-vote upon the retirement of DCS holders

A.

I, III, IV

B.

I, II, III

C.

I, II, III, IV

D.

II, III, IV

EXPLANATIONS ARE NEEDED!

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