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 ?
During Wednesdayas Council of Ministers sitting, Transport Minister Danail Papazov was authorize to vote in favor of giving up the stateas golden share at the companyas general meeting on September 30.
Greens lawmaker Kerstin Andreae, a member of Germany's economy committee, said the golden share issue was unresolved.
Rosneft's management are backing the plan, he said, adding that the state would keep a golden share in the company which would give it voting rights equal to a 25% stake.
The proposals are for myself and the Wrexham Supporters Trust to take over the assets with Wrexham council having a golden share.
The electric utility remains a state-owned entity with the government holding the golden share in the company empowering it to veto key company decisions.
Legal experts say a golden share would make a Chinese-led bid more palpable to regulators, but it was only a matter of time before Canada would have grounds to exercise it.
Golden Share Mining Corporation is pleased to provide an update on its on-going work program on the Forsan property ("Forsan").
Golden Share Mining Corporation (Golden Share Mining) (TSX VENTURE: GSH), a Canada-based mineral exploration company, has added Christian Guilbaud to its Board of Directors.
The state will keep a golden share for ensuring the viability of the airline.
Reiman said that no decision has been made on how much of the Russian government's 75% share would be privatised, but he said he believed that the entire stake should be sold, but with the government keeping control through a special stake or golden share.
Cardiff council holds a so-called golden share in the stadium.