CmaBylaw
Executive Bylaws
Significant Influence Of Module One: Glossary
Section: S
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Wednesday, 01 February 2017
when a company owns directly or indirectly 20% or more in another company, it is considered to have Significant Influence unless it proves that it has no influence. Such influence is established in one of the following ways: a. representation on the company’s Board of Directors; b. participation in setting out regulations, including resolutions related to the distribution of profits and any other distributions; c. any important transactions between the two companies; d. exchange of administrative employees;e. provision of basic technical information.
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