Unilever’s flight to Holland could trigger the exit of other British-listed companies with a dual corporate structure, a leading shareholder has said.
The consumer goods giant behind brands such as Marmite plans to relocate its headquarters to Rotterdam, abandoning its 88-year-old dual governance structure.
However, a top-10 shareholder said its move could “set a precedent”. “It’s being watched closely by other players,” he said. “You’ve got Shell and BHP with dual structures. You could lose Shell. There’s a consequential precedent that would be uncomfortable.”
