Related-Party Transaction

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Related-Party Transaction

A transaction between two businesses that have a personal or other relationship. For example, a publicly-traded company may be inclined to hire a large, minority shareholder as a supplier. In small businesses, a company may hire the owner's brother-in-law to repair the driveway. Related-party transactions are legal, but create the potential for conflicts of interest. Thus, publicly-traded companies are required to report them on their 10-K forms.
References in periodicals archive ?
As Indicated in paragraph A3, the form of a related party transaction may mask its substance.
John Steele, Marcus Yeoman and Tony Humphreys, all non-executive directors of the Company, are neither shareholders in nor directors of Sportsdata and are therefore deemed to be independent under the AIM Rules for the purposes of considering the related party transaction (the "Independent Directors").
Krasnodar, September 22, 2015: PJSC "Magnit", Russia's largest food retailer (the "Company", the "Issuer"; MOEX and LSE: MGNT), announces the execution of the related party transaction on September 22, 2015.
as a result of the Company's failure to have its Audit Committee review and approve certain related party transactions prior to entering into the transactions.
guarantee agreements which are major related party transactions and
The board of directors of the Company ("Board") sent on Friday (8 July 2011) a circular to shareholders ("Circular") with proposals to enter into a related party transaction with Investec Structured Products (an investment manager of the Company) and change the Company's investment policy.
therefore a Related Party Transaction as defined in the AIM Rules for
This transaction is considered a related party transaction for which the approval of shareholders is being sought.
This agreement is a related party transaction as Vincent Nicholls, a director
The company also revealed that, based on the undisclosed related party transaction, its prior financial statements should not be relied upon.
The company also announced that, based on the undisclosed related party transaction, its prior financial statements should not be relied upon.
The Company also acknowledged that based on the undisclosed related party transaction, its prior financial statements for the fiscal years ending 2002 through 2005 and the quarter ended May 31, 2005 should not be relied upon.