control person

Control person

Control Person

An important person in a corporation. Control persons include senior managers, members of the board of directors, and officers such as the CEO and CFO. Control persons are able to use both their authority and their influence to make decisions on the corporation's activities. A control person is also called an affiliated person.

control person

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References in periodicals archive ?
All resolutions of the annual general meeting passed with more than 99% voting shareholder approval, including election of directors, appointment of MNP LLP as auditors, settlement of accrued officer compensation, creation of new control person, approval of stock option plan, and amendment to the company's articles.
Control person liability (broadly construed), which applies even in the absence of fraud or negligence by key officials and places a burden on the officials to prove that they acted in good faith and did not induce an issuers' fraud.
Fortunately, CFOs can avoid both control person liability and internal control liability if they are able to prove that they instituted and administered internal controls with due care.
He was employed as a production control person for 33 years for Coppus Engineering before retiring in 1998.
Boyd Craig is a control person of Craig Wireless and has beneficial ownership of more than 10 percent of the issued and outstanding subordinate voting shares and multiple voting shares of the company.
Partnership (RFA), an existing insider, related party, and control person of the REIT under the policies of the TSX Venture Exchange, participated for USD2,500,000 of the first tranche.
The investment in the general partner will be managed by AIM's founder and CEO, Bob Hellman Jr, already an existing director of the general partner, who can be deemed a control person of the general partner, StoneMor noted.
The explicit authority under Dodd-Frank to use control person liability under the Exchange Act may encourage further expansion of this theory of liability to attempt to cover those who are simply 'around' a violation or where a violation occurs within their chain of command.
182) However, because investors would not make such an inference with respect to Adviser Parent, the Fourth Circuit held that Adviser Parent could only face control person liability under [section]20(a) of the 1934 Act.
The licence will be provided in four categories including senior authorized electrical person, authorised electrical person, competent electrical person, and control person.
CMQ's principal creditor and shareholder and a control person of CMQ.
Companies recognize this, so they typically designate an inventory control person to physically verify on-site bulk part availability," adds Ludka.