The Indonesian government is fully aware of technological developments that can positively impact the economy with the rise of new economy companies. Therefore, Indonesia has started to accommodate new economy companies to be listed with the classification of multiple voting shares based on POJK 22/2021. The purpose of the multiple voting shares is to protect the vision and mission of the controllers after the go public is carried out. The recently issued of this implementation also raises questions related to the position of the classification of multiple voting shares in Indonesian regulation and how is the legal protection for public investors who invest in those companies. This thesis used normative-empirical legal research in the non-judicial case study category with the legal systematics approach using qualitative methods. The research results of this thesis are that the position of the classification of multiple voting shares is legally valid because its position does not violate applicable laws. The implementation itself has also been adjusted to the provisions of POJK 22/2021 as lex specialis from the clause about the classification of shares contained in the UU PT. Public investors can also feel the form of legal protection for implementing multiple voting shares through the provisions of POJK 22/2021 added with the application of good corporate governance by new economy companies.