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affiliated person

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Affiliated person
An individual who possesses enough influence and control in a corporation as to be able to alter the actions of the corporation.
affiliated person
A person who is in a position to influence a firm's management decisions. Affiliated persons usually include directors, officers, owners of more than 10% of the firm's outstanding stock, and family members or close associates of these groups. Also called control person.


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Independent is defined as not receiving, other than for service on the board, any consulting, advisory, or other compensatory fee from the Company, and as not being an affiliated person of the Company, or any subsidiary.
Ask an FEI researcher about... audit committee charters for private ... by Sinnett, William M. / Financial Executive
The amendment to subsection 69(11) in the last technical bill, however, represented a shift toward the affiliated person standard in this respect.
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He is an affiliated person of the adviser and will not receive any director's fee from the fund.
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