82,892
edits
Template:Affiliate capsule: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
An “[[affiliate]]” is really not a complicated idea in the abstract | An “[[affiliate]]” is really not a complicated idea in the abstract, yet in the world of commercial [[contract|contracts]], [[Legal Eagle|our learned friends]] rejoice in overdetermining it all the same. For these men and women, a “[[affiliate]]” of an undertaking could be: | ||
*'''Parent''': its parent or holding company, which holds all or a majority of its ordinary share capital — often abbreviated as a “holdco” | *'''Parent''': its parent or holding company, which holds all or a majority of its ordinary share capital — often abbreviated as a “holdco” | ||
*'''Child''': its subsidiary — a company the ordinary share capital of which it holds all or a majority | *'''Child''': its subsidiary — a company the ordinary share capital of which it holds all or a majority | ||
*'''Sibling''': a company in common ownership with the corporate being; that is to say, a company that shares the same parent or holding company. | *'''Sibling''': a company in common ownership with the corporate being; that is to say, a company that shares the same parent or holding company. | ||
Pedants will be anxious to point out that, | And that is about it. Pedants will be anxious to point out that, [[share]]s being the divisible ownership units that they are, and different degrees of control and voting rights attaching to different ''classes'' of share, there are ''degrees'' of ownership, and affiliation, and some imply more connectedness than others. Any confusion is usually resolved by pointing at the definition of “subsidiary” and “holding company” in the [[Companies Act 2006 (UK)|Companies Act]], or similar legislation in a jurisdiction near you. The {{isdama}} does a reasonably neat job of capturing the above by reference to the majority of voting control. | ||
Any confusion is usually resolved by pointing at the definition of “subsidiary” and “holding company” in the [[Companies Act 2006 (UK)|Companies Act]]. The {{isdama}} does a reasonably neat job of capturing the above by reference to the majority of voting control. | |||