O voto plural nas sociedades anónimas

  • Manuel João de Freitas Pita (Student)

Student thesis: Master's Thesis


Establishing the possibility of granting multiple voting rights in listed companies – which allows to set up a difference between the value of the shares held and the voting right granted by such shares – has changed the paradigm for the application of the proportionality principle in company law. However, such disruption, though beneficial for the development of the capitals market, is not free from criticism, not only in what concerns the lack of ambition of its subjective spectrum, but also in what regards some options made on the applicable regime. As these new shares provide for special shareholders rights, it is mandatory to apply limitations arising from share classes regime, and the legislator, in certain cases, expressly refers to the rules applicable to non-voting preference shares. Furthermore, it is fundamental to access the range of this new regime and how it influences the implementation of other mechanisms with interest to the good health of companies, such as loyalty shares.
Date of Award29 Jan 2024
Original languagePortuguese
Awarding Institution
  • Universidade Católica Portuguesa
SupervisorArmando Triunfante (Supervisor)


  • Multiple voting rights
  • Listed companies
  • Special rights
  • Dual shares
  • One share one vote
  • Loyalty shares


  • Mestrado em Direito

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