Dominant influence definition
Dominant influence means, but is not limited to, a situation where a contracting authority or an undertaking, directly or indirectly, holds a majority of an undertaking's subscribed capital, controls a majority of the votes attaching to shares issued by such
Dominant influence means, but is not limited to, a situation where a contracting
Dominant influence means, but is not limited to, a situation where a contracting authority or an undertaking, directly or indirectly, holds a majority of an undertaking's subscribed capital, controls a majority of the votes attaching to shares issued by such undertaking, or can appoint more than half of such undertaking's administrative, management or supervisory body.
More Definitions of Dominant influence
Dominant influence means:
Dominant influence means the controlling influence of a parent company or the relationship between a person and the company:
Dominant influence. : means a dominant influence as defined in the Act governing companies. It is deemed that SSH has a dominant influence in an SOE if SSH directly or indirectly holds: a majority stake in the subscribed capital, a majority of voting rights, or the right to appoint or dismiss a majority of the members of the management or supervisory board. SSH is also considered to have a dominant influence when it does not hold a majority of subscribed capital or voting rights, but its stake is sufficient for independent adoption of resolutions at the last three general meetings of a company, with the participation of other shareholders or company members, where a simple majority of the represented capital is required for decision-making.