What is the maximum period that founders' shares can have the exclusive right to vote in the election of the board of directors?

Founders' shares can have the exclusive right to vote in the election of the board of directors for a maximum period of five years. This provision allows the founders or initial shareholders to maintain control over the company's governance during a critical phase of its development, ensuring that they can steer the company's direction as it establishes itself in the market. The five-year limit is designed to provide sufficient time for the company to grow and stabilize while also preventing extended periods of disproportionate influence by the founders over the company's governance, promoting a balance between founding influence and the participation of other shareholders. This time frame reflects an understanding of the importance of providing security for founders while also ensuring that the governance of the corporation can evolve as more shareholders join.