Enhancing Multi-Class Share Disclosures Act

This bill requires companies with multi-class share structures (where different share classes have varying voting rights for directors) to disclose specific ownership details in shareholder voting materials. It mandates that issuers report, for each director, nominee, or executive officer (or major shareholder), two key percentages: (1) their ownership of voting shares as a percentage of all voting shares, and (2) their voting power as a percentage of total voting power. These disclosures must appear in proxy statements or other SEC filings for annual shareholder meetings. The law directly affects public companies using multi-class share structures, aiming to increase transparency about voting control.