Canam Group's Marcel Dutil did it, as did the founder of �erna Laboratories and Gildan. These business leaders renounced the control their multiple voting shares gave them over their companies. Dutil's move brings back the question of whether ownership and control shouldn't become synonymous. What's the opinion on this at Jean Coutu, Quebecor or Bombardier?
Dutil decided to relinquish his control over Canam in exchange for a conversion premium. He submitted a proposal to convert his class C multiple voting shares into class A subordinate shares and subsequently eliminate this dual-share structure. As a result, his shares became convertible into cash and acquired a market value …
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