A golden share is a nominal share which is able to outvote all other shares in certain specified circumstances, often held by a government organization, in a government company undergoing the process of privatization and transformation into a stock-company.
Other articles related to "golden share, golden shares":
... In 2003 the UK government's golden share in BAA, the UK airports authority, was ruled illegal by European courts, deemed contradictory to the principle of free circulation of capital ... in countries which are candidates to join the Union—it allowed provisions to use golden shares in strategically important areas ... Other golden shares ruled illegal include the Spanish government's golden shares in Telefonica, Repsol YPF, Endesa, Argentaria and Tabacalera ...
Famous quotes containing the words share and/or golden:
“Pride has a greater share than goodness in the reproofs we give other people for their faults; and we chide them not so much to make them mend those faults as to make them believe that we ourselves are without fault.”
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“A perfect beauty of a sunflower! a perfect excellent lovely sunflower existence! a sweet natural eye to the new hip moon, woke up alive and excited grasping in the sunset shadow sunrise golden monthly breeze”
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