Definition of golden share in English:
A share in a company that gives control of at least 51 per cent of the voting rights, especially when held by the government.
- The defenders of golden shares point out that they enable governments to stop big, state-owned and subsidised firms gobbling up companies in their sector all over Europe.
- While golden shares and other takeover protection may keep predators at bay, European companies could still face a pummeling in global markets.
- The state would remain in control of important corporate decisions by retaining a golden share, he said.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Australia
Most popular in Malaysia