Golden share
Okay, let's imagine that you and your friends are in a club together. You all decided to make a special rule that one of you gets a golden key that can unlock the club's special treasures. This person with the golden key is called a "golden member."
Now, if someone wants to join your club, they can only do so if the golden member agrees to it. This means the golden member has a special power over who gets to be in the club.
In the grown-up world, companies sometimes also have a special type of share called a "golden share." It's like a golden key that gives the person holding it a special power over the company. With a golden share, the holder has the final say in important decisions, like who gets to buy the company or who gets to be on the company's board of directors.
Just like your golden key in your club, a golden share can be used to make sure that certain people or groups of people have control over the company. Sometimes, a government might hold a golden share in a company to make sure it follows important rules or protects national security.
So think of a golden share as a super special key that gives one person or group of people a lot of power over a company!
Now, if someone wants to join your club, they can only do so if the golden member agrees to it. This means the golden member has a special power over who gets to be in the club.
In the grown-up world, companies sometimes also have a special type of share called a "golden share." It's like a golden key that gives the person holding it a special power over the company. With a golden share, the holder has the final say in important decisions, like who gets to buy the company or who gets to be on the company's board of directors.
Just like your golden key in your club, a golden share can be used to make sure that certain people or groups of people have control over the company. Sometimes, a government might hold a golden share in a company to make sure it follows important rules or protects national security.
So think of a golden share as a super special key that gives one person or group of people a lot of power over a company!