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Golden Share


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Golden Share is a share which has voting rights capable of exercising a veto over specified or significant changes to the constitution or articles of association of a company.

The term came into common usage through the 1980s to refer to the government's continuing interest in companies which it had privatised.

The golden share supposedly protects a privatised company from being taken over. But some people say it was designed to protect the management from the real competitive world!

Share prices can be found in Stockmarket

See Also: Online share dealing service Stockmarket Centre

Last Updated: June 2007 © Moneyextra.com

 

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