Enhancing Multi-Class Share Disclosures Act

This bill requires companies with multiple share classes (like different voting rights for different stock types) to disclose specific voting information in shareholder voting materials. It mandates that companies show, for each director, nominee, executive, or major shareholder (owning 5%+ of voting power), two percentages: (1) their total share ownership as a percent of all voting shares, and (2) their voting power as a percent of all combined voting power. This applies to all proxy or consent solicitation materials for shareholder meetings. The goal is to give investors clearer insight into who controls voting power within companies using multi-class share structures.