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.
References in periodicals archive ?
The EU had threatened in the past to take VW to court over its special law, which some say is a golden share in disguise.
Taking London to the Luxembourg-based court would be the latest stage in the commission's campaign against government golden shares in former state-owned companies.
It had prompted challenges to the League from Coventry City takeover hopefuls and Ricoh firm Arena Coventry Limited that the players' contracts should have rested with same company which had the golden share.
It is believed the League will decide who gets the golden share based on the likelihood of the club being sustainable - without it returning to administration in the short to medium term.
At Thursday's fan's forum Fisher said: "We assert the golden share is within Holdings.
They can hand it back to CCFC Ltd, where its share was registered before administration, or decide to transfer it to CCFC Holdings, which has all the players contracts and claims beneficial ownership of the golden share.
This price is being paid by the issuance, subject to regulatory approval, of 2,950,000 Golden Share common shares for $0.
The 17 three-bedroom Golden Share homes at Fairmilehead were the first of their kind in Edinburgh.
The government has thus lost its golden share and here-after we can run the assets independently," he said.
These amendments will affect the government's golden share in the airways, preserve the rights of the national carrier's employees, and allow local and foreign companies to have a public bid on the airways' shares.
The Bulgarian government has decided to give up its golden share in the Bulgarian telecom Vivacom (BTC).
The proposed amendment entails Croatia's loss of special rights such as a golden share to outvote other shareholders in strategic issues reports Portfolio HU.