Golden Share

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.

Read more about Golden SharePurpose, History, Legal Challenges

Other articles related to "golden share, golden shares":

Golden Share - Legal Challenges
... 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 ...

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