An unusual feature relating to corporate governance at Snapchat is that stock shares sold during its IPO

Question

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The stock shares sold during Snapchat's IPO carried no voting rights for electing the board of directors. This means that investors who purchased these shares did not have any say in the company's corporate governance decisions, such as who sits on the board of directors. This is an unusual feature for a public company, as voting rights are typically an important aspect of shareholder rights and corporate governance.

An Unusual Feature Relating to Corporate Governance at Snapchat Is