Controller

Controller in United Kingdom

Definition of Controller

In accordance with the work A Dictionary of Law, this is a description of Controller :

(in company law)

Strictly, one who holds shares conferring a majority of the *voting power that can be exercised at a general meeting. In practice, effective control can often be exercised by a director with no voting power or a minority of it if he is able to manipulate *proxy voting.

See also subsidiary company.


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