Business Domination definition

Business Domination means the power to control or to influence, either directly or indirectly, by Foreigner in prescribing policy, management, operations, appointment of directors, or appointment of high-level executives, which may affect the management of the business or the operation of telecommunications business of the Applicant for License or the Licensee by means of holding voting shares of at least one-half of all the voting rights, having controlling power over the majority vote of the shareholders meeting, or appointing or removing at least one-half of all directors or more.
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Business Domination means the power to control or influence whether direct or indirect by foreigner to regulate the policy, the management, operation, appointment of directors or top management on consequence of telecommunication business operation of licensee by holding shares at a half or more than half of all voting rights or controlling majority votes in shareholder meeting or being able to appoint and remove more than half of the board of directors.
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Related to Business Domination

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