Direct control in enterprise group
The ability of the unit to manage financial and operating policies of another entity so as to obtain benefits from its activities. Direct control takes place when at least one of the following principles is true:
- legal entity possesses over 50% of votes of another legal entity;
- legal entity consolidated accounts of another entity completely, and any other entity did not consolidate accounts of that legal entity;
- legal entity possesses less than 50% of votes of another legal entity, and any other entity does not possess more.
Contact person on methodology: