Linked enterprises Sample Clauses
Linked enterprises. Two enterprises are considered linked if one controls the other, directly or indirectly, through the majority of capital/voting rights or through the ability to exercise a dominant influence through a contract or by agreement. In most EU member states, linked enterprises are required to prepare consolidated accounts. • For linked enterprises, the number of employees is the sum of the number of employees of the enterprise itself plus the total number of employees of each of the linked enterprises. For linked enterprises, the number of employees has to be added for all enterprises at all levels throughout the entire chain upstream and downstream.