Conceptually, this is interesting. In Europe, some companies like L'Oreal already offer bonus dividends for institutional shareholders who have held shares for

Conceptually, this is interesting. In Europe, some companies like L'Oreal already offer bonus dividends for institutional shareholders who have held shares for longer than one and two years. Voting rights could be another way to incentive long-term holders. However, it is hard to tell where the rubber meets the road. There has been a strong movement to passive ownership. Would this disincentive index providers from adding new economy stocks by kicking out old economy stocks? Would the ETF providers eventually have too much control? There's definitely fixable solutions to these issues as well as hopefully solving other recent prevalent problems such as no voting rights common stock. Right now is NYSE and Nasdaq no longer make money on listing fees, but make money on selling datafeeds. Given the LTSE's objectives, it will likely need to monetize through listing fees or an alternative way.