Golden Share

A golden share is a special type of share that gives the holder certain rights over the company. These rights can include the ability to veto certain decisions, such as a change of control or a merger. Golden shares are often used by governments to retain control of strategic companies, such as those in the defense or telecommunications sectors.

There are two main types of golden shares:

* **Class A golden shares:** These shares are held by the government and give the holder the right to veto certain decisions.
* **Class B golden shares:** These shares are held by private investors and give the holder the right to appoint a certain number of directors to the board of directors.

The use of golden shares has been controversial. Some people argue that they are a form of government interference in the private sector. Others argue that they are necessary to protect the interests of the public.

The debate over golden shares is likely to continue for some time. However, it is clear that these shares can have a significant impact on the governance of companies.

Here are some additional details about golden shares:

* They are typically non-voting shares.
* They can be held by individuals or institutions.
* They can be issued by both private and public companies.
* The terms of golden shares vary from company to company.

Golden shares can be a valuable tool for governments and private investors. However, it is important to understand the potential risks and benefits before using them.