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Golden Share |
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Golden Share A share in a publicly-traded company that gives the shareholder power to veto changes to the charter. Golden shares were originated when the British government began privatizing previously nationalized companies in the 1980s and wished to retain a great deal of control over these companies. Other European countries later took similar measures, though many forms of golden share have since been ruled illegal in the European Union. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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47% stake is publicly traded while 1 Golden Share is with the State. Furthermore the rating gains stability from the government's golden share and there is also a limit on the maximum ownership in National Grid Group of 15%, Standard & Poor's said. |
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