c选项

问题如下：

Which of the following mechanisms is most likely to protect minority shareholders?

选项：

A.Two-tier boards

B.Dual-class shares

C.Pre-emption rights

解释：

C is correct because another key area for shareholder protection is pre-emption rights. These rights ensure that an investor has the ability to maintain its position in the company. Because these rights come before the prerogative of potential external investors, they are called pre-emptive, and the existence of these rights is why a large equity fundraising by companies is often called a ‘rights issue’.