‘Golden shares’ to safeguard sustainability at Tony’s Chocolonely
by Sarah Butler from on (#6C06V)
Chocolate maker appoints mission guardians' with power to veto changes to ethical strategy
The ethical confectionery company Tony's Chocolonely has introduced a golden share" mechanism to prevent shareholders from weakening its sustainability commitments in future.
In an unusual move, the Dutch company, which makes colourfully wrapped chunky chocolate bars stocked in UK supermarkets, has created a new governance structure with golden shares that carry the power to veto changes to its ethical strategy.
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