Wise's Shareholder Rebellion: A Corporate Governance Battle
A fintech giant faces a major shareholder rebellion as co-founder Taavet Hinrikus pushes back against governance changes tied to a US dual listing. Will the UK market lose its grip on tech listings?
In this episode of the UK Business Morning, Alice and Lewis delve into the corporate governance battle at Wise, the fintech company known for its 2021 London listing. Co-founder Taavet Hinrikus, through his investment vehicle Skaala, is challenging the company's plan to extend its dual-class share structure by 10 years, arguing the governance changes should be separated from the US listing proposal. With Kristo Käärmann, the CEO, holding significant voting power, the situation highlights the tension between founder control and investor influence. As shareholders prepare to vote, the outcome could signal broader implications for the UK's efforts to attract tech companies. Join Alice and Lewis as they unpack the stakes in this unfolding corporate drama.
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