Golden Share

A share with special voting rights that give it peculiar power vis-a-vis other share.The term applies particularly to share retained by a government after privatisation. If a government wishes to sell off a company in a sensitive industry (defence, say) and yet retain control, it can hold on to a golden share. This might give it the right to veto any takeover bid.
Originally written on December 6, 2010 and last modified on January 19, 2018.

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