Conglomerate plc was a family company which was so successful that the founding Alexander family could not fully finance its expansion. So the company was floated on the stock exchange with the Alexander family holding ‘A’ class shares and the public holding ‘B’ class shares. ‘A’ class shares held the right to appoint six of the eleven directors. ‘B’ class shares could appoint five directors and had the same dividend rights as the ‘A’ class shares. The company could not be wound up unless a resolution was passed by 75% or more of ‘A’ class shareholders. Is there any risk of a governance failure? Discuss.