The golden share, explained
This is a legal governance structure, not a brand claim. Here is what it protects and how.
What is a golden share?
A golden share is a special class of equity with veto rights over defined decisions, regardless of ordinary share distribution.
In UnionEyes, this share is held by a Labour Council elected by partner unions. The structure was established at incorporation and cannot be removed without golden-shareholder consent.
What the golden share protects
Veto on change of control
The golden share gives the Labour Council authority to block any sale, merger, or transfer of controlling interest without affirmative labour consent.
Mission lock
Changes to the company mission require golden share consent, protecting worker-first purpose against investor or executive drift.
Labour-elected council seats
Reserved board seats are held by labour-elected representatives with full voting rights on strategic decisions.
Reserved matters
Critical decisions such as major pricing changes, data-sharing policy, and data residency shifts require golden share approval.
Frequently asked
What if UnionEyes raises venture capital?
Investors can hold ordinary shares. The golden share is separate, non-dilutive, and remains in force.
Can the governance model be changed later?
Only with golden share consent. The protection is designed specifically to prevent unilateral changes.
Who provides governance oversight?
A labour-elected council structure with reserved powers and documented oversight responsibilities.