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Control
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   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia 0.01 sec.
Control
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Control
Half plus one of ownership of a company. Control gives the person or group having it the ability to make all decisions on how the company operates. In a publicly-traded company, control comes from buying more than half of the common stock.


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The scope of this definition moved internal control from a focus on internal accounting controls to the role of internal controls for all business purposes, which, in turn, moved the financial executive prospectively to a much broader business role regarding internal controls.
This concept ties into the more recent integrated framework of internal controls for financial operations encouraged by the Committee on Sponsoring Organizations of the Treadway Commission (COSO), a voluntary private-sector organization dedicated to improving the quality of financial reporting.
Provides a family of microprocessor-based total machine controls for machinery applications, which include injection molding, RIM, extrusion blow molding, reheat blow molding, thermoforming, and extrusion.
 
 
 
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