View source for De Facto Controlling Interest Party

== Definition ==
'''De Facto Controlling Interest Party'''. A party which exercises some control over an entity other than via some constitutional instrument such as shares.

a control owner (i.e., control person, per SEC regulations) may have some means or right that allows them to exercise control over board composition, other than through proxy assignment or vote. Not all control persons have this facility, as it is not inherent to having a significant (for example, 20 percent or more) ownership stake.

== Example ==
a silent partner, i.e. where someone has made a large investment, which is bilateral (not part of the constitutional framework of the company)

== Disclaimer ==
This entry annotates a [https://spec.edmcouncil.org/fibo/ FIBO Ontology Class]. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the [https://opensource.org/licenses/MIT MIT Open Source License]. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

[[Category:Control Parties]]

{{#set: isDefinedBy | https://spec.edmcouncil.org/fibo/ontology/BE/OwnershipAndControl/ControlParties/index-en.html }}

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