Taavet Hinrikus—Publicly challenged Wise's governance, calling dual-class share extension 'undemocratic'
In July 2025, Taavet Hinrikus (holding 5.1% of Wise through Skaala Investments) publicly challenged the company he co-founded over its proposal to extend the dual-class share structure by ten years as it prepared to move its primary listing to the US. He accused Wise of misleading shareholders by embedding the voting rights extension into the US listing vote without allowing separate votes on each proposal. The matter is heading to court review.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | +toward | primary | +1.00 |
| Overall incident score = | +0.590 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.59)
Evidence (1 signal)
Publicly challenged Wise's governance, calling dual-class share extension 'undemocratic'
In July 2025, Taavet Hinrikus (holding 5.1% of Wise through Skaala Investments) publicly challenged the company he co-founded over its proposal to extend the dual-class share structure by ten years as it prepared to move its primary listing to the US. He accused Wise of misleading shareholders by embedding the voting rights extension into the US listing vote without allowing separate votes on each proposal. The matter is heading to court review.