what is meant by retaining the golden share??
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Golden Share Definition
By RAJEEV DHIR
Updated May 28, 2019
What Is a Golden Share?
A golden share is a type of share that gives its shareholder veto power over changes to the company's charter. It holds special voting rights, giving its holder the ability to block another shareholder from taking more than a ratio of ordinary shares.
Ordinary shares are equal to other ordinary shares in profits and voting rights. These shares also have the ability to block a takeover or acquisition by another company.
The Basics of Golden Shares
Golden shares can be issued by public companies or governments. One of these shares controls at least 51% of voting rights. In the case of a company, it can only issue golden shares after passing special resolutions and changing its memorandum and articles of association. This document governs or dictates a company's relationship with outside businesses.
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