Skip to content

Controlled entity

The entity is subject to the control of the University for example if it:

ais the sole member of a company; 
bdirectly or indirectly owns majority of the shares in a company;
ccontrols more than 50% of shareholder or member voting rights in the entity, including by use of a casting vote;
dcontrols more than 50% of votes of the entity's board, including by use of a casting vote;
ehas power to appoint or remove more than 50% of the entity's board;
fhas power to govern the financial and operating policies of the entity; or
ghas power to cast or control the casting of majority of votes likely to be cast at a general meeting of the entity.

The above is not an exhaustive list and ultimately depends on the circumstances.