Dual Equity System Brings Different Risks and Opportunities for Corporate Development-The Case of Zoom

With the development of the global economy, the requirements for corporate governance model are also improving, the traditional single shareholding system structure can not meet the governance needs of some enterprises, and then in the nineteenth century derived from many different categories of shareholding structure, including double shareholding system, cross-shareholding system, mixed shareholding system and so on. Among them, the dual equity system with the founder's absolute holding characteristics of the company loved by the family business and some innovative enterprises, which not only meets the absolute control of the founder's entrepreneurial achievements, but also makes the enterprise decision-making efficiency, providing advantageous conditions and opportunities for long-term strategy and sustainable development, but at the same time, there is also the risk that the founder's decision-making is biased. In this paper, it will take ZOOM, a communication technology company listed in the United States in 2019, as an example to explore the impact of the dual-capitalization system on the efficiency of corporate decision-making and the monitoring mechanism under unforeseen market contingencies and to extend the opportunities and risks it faces.