Rights of an investor or shareholder relating to control over the company’s affairs. Control rights typically relate to voting or designation of board seats, voting (e.g., does a class of securities give the holder ten votes per share?), and specific actions (e.g., incurring indebtedness) which require the consent of a majority of a particular class or series of security.
Rights of an investor or shareholder relating to control over the company’s affairs. Control rights typically relate to voting or designation of board seats, voting (e.g., does a class of securities give the holder ten votes per share?), and specific actions (e.g., incurring indebtedness) which require the consent of a majority of a particular class or series of security.
