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Yahoo Finance selected Novo Nordisk (NVO) as its Company of the Year for 2023, and there are plenty of reasons why. One interesting reason some investors may not know about, however, is its unique corporate structure, which includes the fact that 77% of the company’s voting power is owned by the non-profit Novo Nordisk Foundation, which owns all of the company’s Class A shares. Yahoo Finance reporter Allie Garfinkle joins the Live show to breakdown the structure and give insight into the company’s operations.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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