CGOV.2:11 - SoTA-Echoing

The OECD Corporate Governance Factbook 2025, chapter 3 compares record dates, share classes, voting caps and other arrangements across jurisdictions. Sections 3.2 and 3.4 support choosing the applicable rights and denominator rather than assuming one share means one vote. The G20/OECD Principles, II.E provides the related distinction between economic and voting rights.

This pattern adopts their rights-sensitive approach and adds an explicit account of which relation each calculation follows. An ordinary capitalization table remains sufficient when its holdings and terms answer the matter. More elaborate tracing is justified by a changed outcome, not by completeness for its own sake. The comparative sources locate relevant variation; they do not establish a particular corporation’s rights or informal control. Changed terms, holders, eligibility or the receiving control question reopen the affected calculation.