Google Inc.'s latest bid to preserve the control of foundersLarry Page and Sergey Brin is raising concerns amongcorporate-governance watchdogs, who say the new stock structurecuts shareholders out of the loop.

Google unveiled a plan yesterday that lets the company issue newshares without diluting the founders' voting power. The stockchange would create a new class of nonvoting shares that will bedistributed to existing shareholders in what is effectively a2-for-1 stock split.

Page and Brin, who made no secret of their intention to holdsway over the company when it went public in 2004, aim to keep thatcontrol as Google grows larger. The latest move lets the foundersissue stock to compensate workers or make acquisitions withoutloosening their grip. For investors, the result is a lack of inputon decision making, said Charles Elson, director of the Universityof Delaware's John L. Weinberg Center for Corporate Governance.