Another reason for having the founders maintain absolute control of their company is that founders are able to focus on the long-term strategic development of their company. The Executive Chairman of Alibaba Group, Jack Ma, has added that his company’s voting structure aims to preserve the firm’s culture whilst avoiding short-term behaviour at the expense of long-term development. The company is controlled by 28 "partners", including insiders and Ma himself. With this structure, Ma's dictatorship blocks the possibility of any contested election. This means that shareholders will not be able to have a say no matter how the equity ownership evolves in the future.
