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NON-VOTING RIGHTS

3.2.1 - Existence of stock options with non-voting rights for startups

Ownership of shares is usually tied to voting rights. However, with regards to employee SO, this custom may become an impediment. Having shares associated with voting rights can lead to entropies such as an excessive number of people involved in core decision-making processes, potentially interfering with the company’s smooth management and governance. It is therefore advised to offer SO without voting rights to mitigate potential management problems in the company.

  • 2024
  • 2023
100% Yes
0% No
ESNA
ESNA
2023 76%
2024 79%

3.2.2 - Minority Shareholders & Bureaucracy

This indicator evaluates whether Stock Options may involve minority shareholders, as well as the administrative burden and costs associated with creating and maintaining the respective plan

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  • 2024
  • 2023
ESNA
ESNA
2023
2024 58%