What type of Shareholding is this?

[Hyper10]

A customer of ours lists 2 classes of shares, ordinary full shares held by a large company.
The Director who runs the business has a class of share they list as B1 "Non-voting, Non-participating Dividend only".

Are these shares considers equity, that is does the director own any of the business

[Eric Mc]

The are part of the equity. But they do not confer any voting rights to the holders.

[sumo69]

Non participating means they may not have rights to a share of the assets on a liquidation or more importantly similar terms on a sale.

These are purely being used as a tax mitigation device for his "salary".

David

[Hyper10]

Thanks for the replies.