AES » Topics » Control

This excerpt taken from the AES 10-K filed Mar 17, 2008.
Control means, in relation to a company or partnership, either:

 

(a)                                  the beneficial ownership of the majority of the issued voting shares (or other ownership or participation interests) of the company or partnership or the ability (whether by direct or indirect ownership of shares, participation or ownership interests or contract) to direct the voting of the majority of the votes; or

 

(b)                                 “actual control” over the company or partnership where actual control means having the ability to direct on an ongoing basis the major strategic and major management decisions of the relevant company or partnership, whether through the ability to exercise voting power (directly or indirectly), by contract or otherwise;

 

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