NO.PZ2018062019000003
问题如下：
Which of the following would not lead to a potential conflict between shareholders and managers?
选项：
A. Multiple class structure.
B. Risk tolerance.
C. Information asymmetry.
解释：
A is correct. An equity structure with multiple share classes in which one class in non-voting or has limited voting rights creates a divergence between the ownership and control rights of different classes of shareholders. Therefore, conflicts of interest may arise among the controlling and minority shareholders.
老师，多层次的股权结构‘比如dual class 同股不同权，管理层和股东之间的矛盾不是会更大么？190页的例题李老师不就是这么解释的么。