golden share


Also found in: Financial, Wikipedia.

golden share

n
(Banking & Finance) a share in a company that controls at least 51% of the voting rights, esp one retained by the UK government in some privatization issues
References in periodicals archive ?
The Stables at Polofields, Colinton, will provide 19 homes under the City of Edinburgh's Golden Share Initiative, targeted at local people who are unable to finance the full market value of the property.
A senior ministry official, said,"So, the state gets the golden share in the project.
In the past football club owners have moved that golden share around - but that can not be done as easily anymore.
The 17 three-bedroom Golden Share homes at Fairmilehead were the first of their kind in Edinburgh.
The government has thus lost its golden share and here-after we can run the assets independently," he said.
These amendments will affect the government's golden share in the airways, preserve the rights of the national carrier's employees, and allow local and foreign companies to have a public bid on the airways' shares.
The Bulgarian government has decided to give up its golden share in the Bulgarian telecom Vivacom (BTC).
The proposed amendment entails Croatia's loss of special rights such as a golden share to outvote other shareholders in strategic issues reports Portfolio HU.
The federal government is to maintain a golden share in the firm, through which it will retain a veto power over all key decisions.
However, golden share arrangements in several companies have been legally challenged in the European Union.
The British Government has a so-called golden share in BAE that allows it to veto deals that are seen to put the public interest at risk and has already said it will seek to ensure UK interests are properly protected.
Moreover the government intends to retain a golden share and have a right to veto key shareholder decisions.