Investors challenge two-for-one vote regime at France's Orange

An investment management company is seeking to prevent French telecommunications company Orange shifting to a system where long-term investors get two votes per share rather than one, a move that has failed in other high-profile cases. The firm, PhiTrust Active Investors, said it would put a resolution to Orange's May 27 annual shareholder meeting aimed at preventing the telecoms group conforming with a law designed by the government to encourage longer-term commitment to firms by investors