Definition: Control

Category: Globalisation

The notion of control for an enterprise implies the ability to appoint a majority on board of directors to run the enterprise, guide its activities and determine its strategy. This ability is exercised by a single direct investor or a group of associated shareholders acting in concert and controlling the majority (+50%) of ordinary shares or voting power. The control of an enterprise may be direct or indirect, immediate or ultimate. http://ec.europa.eu/eurostat/ramon/statmanuals/files/OECD_Handbook on_Eco_Glob_Indicators.pdf