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Golden Share |
Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson | 0.03 sec. |
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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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Disagreements over the relative merits of golden shares and other side issues, for example, have taken up valuable time when work on the complex regulatory system and due diligence reports has not begun. Since March 10, Golden shares have gone from 2 cents to a Thursday close of 10 cents. |
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