You are well aware of the risks that you face when you buy shares in a company that has shares with different voting rights. Assume that you have no choice but to buy non-voting shares in a company that has both voting and non-voting shares. Which of the following would you view as least dangerous to you (from a corporate governance standpoint)?

• A. Voting shares are not traded and held entirely by CEO
• B. Voting shares are traded, but concentrated in the hands of CEO
• C. Voting shares are traded and widely dispersed across shareholders.
• D. Voting shares are traded and held by CEO and by government-controlled institutions.
• E. Voting shares are traded and held by activist investors.