Sponsored ADR Definition
A type of ADR (American Depositary Receipt) that is issued in co-operation with a company whose shares will underlie the ADR. With the corporation's sponsorship, the ADR carries the rights of the common share, such as voting rights. Sponsorship ensures also that the ADR can be listed and traded on a major U.S. exchange. If it is not sponsored, the ADR can only be traded over the counter.