Managerial Control definition
Managerial Control means as defined by MDOT, that a disadvantaged or minority owner(s) has the demonstrable ability to make independent and unilateral business decisions needed to guide the future and destiny of a business. Control may be demonstrated as detailed below:
Managerial Control means, as to any Person, the power, directly or indirectly, to direct or cause the direction of the management or policies of such Person, whether through the ability to exercise voting power, by contract or otherwise.
Managerial Control means control exercised over an investment firm by the management body and senior managers;
Examples of Managerial Control in a sentence
Consulting and Support of newly established Stem Cell Laboratory, with Senior Managerial Control/ Oversight of the day-to-day operations (in collaboration with Cell Sciences executive staff).
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Food Safety Management Systems: Food Safety Management Systems, Active Managerial Control and Crisis Management 11.
More Definitions of Managerial Control
Managerial Control means having a position with a business that allows the individual to have control in managing the finances of the business, including but not limited to, determining fees and costs that the entity will charge for products or services offered by the business.
Managerial Control means the ability, regardless of title, to directly manage the finances, strategic initiatives, and personnel of a pharmacy or pharmaceutical facility, including but not limited to, determining fees and costs charged for products or services offered by pharmacy or pharmaceutical facility, the hiring, firing, or promotion of any personnel, including the PIC, and any changes to the location or name of the pharmacy or pharmaceutical facility.
Managerial Control means the ability, regardless of title, to directly manage the finances, strategic initiatives, and personnel of a pharmacy or pharmaceutical facility, including:
Managerial Control means the applicant makes independent and unilateral business decisions needed to guide the future and destiny of the business. Such control includes but is not limited to the following:
Managerial Control means:
(a) ownership interests representing more than fifty percent (50%) of the voting, appointment or designation power for the selection of:
i. a majority of the board of directors or trustees, if the entity is a corporation;
ii. the management committee members, if the entity is a joint venture; or
iii. the members of the management board, if the entity is a limited liability company.
(b) having the right, pursuant to a written contract, or the by-laws, charter, operating agreement or similar organizational documents, to elect, appoint or designate:
i. a majority of the board of directors or trustees, if the entity is a corporation;
ii. the management committee members, if the entity is a joint venture; or
iii. the members of the management board, if the entity is a limited liability company.
(c) possessing at least fifty percent (50%) ownership interest of a joint venture entity and solely controlling the management and operations of such joint venture entity, pursuant to a written joint venture agreement;
(d) being the exclusive sponsor, if the entity is a charitable trust or foundation; or
(e) being the only general partner of an entity.