In this dissertation, we aim to investigate whether loyalty shares, aimed at rewarding and encouraging shareholder loyalty towards the Company, are admissible under Portuguese legal framework. We will scrutinize whether, in light of the reality of the large Portuguese limited liability companies by shares (“sociedades anónimas”), this would be an effective solution to address short-term strategies that are so often embraced by shareholders and whether the recent overhaul of the Portuguese Securities Code could be held as a decisive step towards the admissibility of loyalty shares. We will also tap the advantages associated with the possibility of loyalty shares constituting a complement to the remuneration of Directors.
Date of Award | 27 Jun 2023 |
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Original language | Portuguese |
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Awarding Institution | - Universidade Católica Portuguesa
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Supervisor | Daniela Baptista (Supervisor) |
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- Loyalty shares
- Short-termism
- Loyalty vote
- Loyalty dividend
- Loyalty warrant
- Special category of shares
- Corporate governance
A admissibilidade das ações de lealdade no ordenamento jurídico português
Oliveira, J. M. A. R. D. (Student). 27 Jun 2023
Student thesis: Master's Thesis