50% of the outstanding votes plus one vote. Bloomberg Financial Dictionary
————
1. For legal purposes, usually owning in excess of 50% of the voting rights of a company or having the right to appoint directors on the company's board with a majority of voting rights. Dresdner Kleinwort Wasserstein financial glossary
2. For Blue Book purposes, owning 30% of a company gives effective control. If an investor obtains control of a company covered by the Blue Book, he is obliged to make a mandatory offer to buy out all the other shareholders. Dresdner Kleinwort Wasserstein financial glossary
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▪ I. control con‧trol 1 [kənˈtrəʊl ǁ -ˈtroʊl] noun
1. [countable] an action taken to make sure that something does not increase too much:
• Devaluations were combined with wage and price controls and reductions in state spending.
• Private rented accommodation has been freed of rent controls, taking it beyond the reach of the young homeless.
ˈbudgetary conˌtrol [uncountable] COMMERCE
a system of management control in which actual income and spending are compared with planned income and spending, so that you can see if plans are being followed and if those plans need to be changed in order to make a profit:
• Improved budgetary control has yielded a healthy surplus of £419,000.
the process of making sure that a company or organization does not spend too much:
• Analysts said tight cost control had kept Sail in profit.
ˈcredit conˌtrol
1. [uncountable] COMMERCE actions by a business to make sure that its customers can pay and can pay on time:
• A £1.5 million charge was made for bad debts; credit control procedures have now been strengthened.
2. [uncountable] BANKING actions by a bank to make sure that it only lends to those who can repay their loans and that payments are made on time:
• Strong credit control and loan discipline are the best tools for reducing a bank's credit risk.
exˈchange conˌtrol [countable usually plural] ECONOMICS
a limit set by a country on how much of its currency can be exchanged for other currencies:
• Exchange controls were completely removed in 1978, and since then offshore financial activities in Singapore have exploded.
ˈimport conˌtrol [countable usually plural] ECONOMICS
an action taken by a government to limit the number of goods that can be brought into a country from abroad to sell:
• The Fiji government announced the removal of import controls and the reduction of tariffs on most imports.
ˈinventory conˌtrol [uncountable] COMMERCE
the process of making sure that supplies of materials, goods being produced, and finished goods are managed correctly;
= stock control Bre:
• Inventory control aims to answer two basic questions: how much should be ordered and when?
1. [uncountable] the ability of managers to make an organization work as they want it to, and the methods that they use:
• The firm's failures included poor record-keeping and weak management control systems.
2. [uncountable] the power that someone has to manage a company as they wish, for example because they own more shares in it than anyone else:
• Gillette will have management control and a 65% equity stake in the venture.
1. [uncountable] a system for checking that a company has enough materials in stock for its production needs, but is not storing more than it needs because this would use capital unnecessarily ;
= stock control Bre;
, INVENTORY CONTROL AmE
2. [uncountable] a system for checking the quality of materials bought by a company
proˈduction conˌtrol
1. [countable, uncountable] ECONOMICS an action taken by a government or authority to limit the production of something in order to influence its price:
• This price for oil is a goal OPEC hopes to achieve through production controls.
2. [countable, uncountable] COMMERCE an action taken by a company to manage its production efficiently:
• The reorganization means that Acustar's production control operations will be handled by the parent company.
the process of making sure that an organization's goods and services are produced and sold as planned and designed and are of the right quality:
• There were problems with quality control and product consistency.
the process of making sure that supplies of materials, goods being produced, and finished goods are managed correctly;
= INVENTORY CONTROL AmE:
• He will take responsibility for Laura Ashley's purchasing, distribution and stock control.
2. [uncountable] FINANCE if someone has control of shares in a company, they own them:
• Krupp said it had control of other blocks of Hoesch shares.
3. [uncountable] FINANCE if someone has control of a company, they own more than half its shares, or enough shares to be able to decide how the company is managed:
• CFS and Mr Vernes were battling for control of the Victoire insurance group.
• Publicis purchased a little over 50% of Inovasi to gain control.
• India is to sell stakes in state-owned companies to overseas investors while retaining majority control.
ˈcreeping conˌtrol
[uncountable] FINANCE when someone gets control of a company little by little, perhaps without others noticing:
• Mr Arnaud has a history of establishing creeping control of companies.
4. [singular] COMPUTING also control key a button on a computer that allows you to do operations when used with another button:
• Press control D to delete text.
[m0] ▪ II. control control 2 verb controlled PTandPPX controlling PRESPARTX [transitive]
1. to have the power to make someone or something do what you want:
• U.S. offices of foreign banks now control roughly a quarter of U.S. banking assets.
• The government controls the production and distribution of all national newspapers.
2. to limit something or prevent it from increasing too much:
• To help control costs, the company cut salaries by between 2% and 25% last month.
• Romania will control skyrocketing food prices by setting ceilings for items such as meat.
• new measures to control inflation
3. to check that something is as it should be:
• Checkers control the quality of products as they come off the production line.
• Mr Kahn now controls 854,236 common shares, or about 40% of Mercury's stock.
5. FINANCE to own more than half the shares of a company, or enough shares to decide how the company should be managed:
• The Agnelli family controls the car group through a variety of holding companies.
6. MARKETING if a company or product controls a particular part of a market, its products account for a large amount of the sales in that market:
• De Beers controls 80% of the rough, uncut diamond market.
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Ⅰ.
control UK US /kənˈtrəʊl/ verb [T]
► »
The Chicago-based holding company controls a global network of advertising and public relations agencies.
»
Within five years the tech firm controlled 60% of the European market.
► FINANCE,
STOCK MARKET »
Avis' employees control the company through an employee stock option program.
► FINANCE,
STOCK MARKET »
She controls 7.5% of the company.
control a stake in sth »
They currently control a 20% stake in the textile firm.
► »
If the program is adopted, the supply and price of sugar will be controlled through subsidies and import quotas.
► control inflation/spending/debts »
Corporate spending was cut by 15% in an effort to control spiralling debts.
► »
All of the building's lighting and heating systems are controlled automatically.
Ⅱ.
control UK US /kənˈtrəʊl/ noun
► [
U]
take/keep/gain control of sth »
Banks threatened to take control of the business.
»
Both parties are vying for control of the Senate.
► [
U]
control over sb/sth »
Critics claim he was an ineffective manager, with virtually no control over his staff.
seize/take control of sth »
Malware can seize control of a computer and use it for financial scams.
► [
U]
FINANCE,
STOCK MARKET »
The family plans to sell control of its publishing empire for $2.5 billion.
► [
C or
U]
control on sth »
If the independent operators corner the market there will be very little control on prices.
strict/tight/tough controls »
Managers need to keep a tight control on costs.
impose/introduce/tighten controls »
The government imposed controls that required vendors to sell some items below cost price.
relax/remove/loosen control »
Controls were relaxed so that US manufacturers could participate more aggressively in the international market.
► [
C, usually plural] »
The plant was updated with new control panels for its industrial machinery.
»
Investigators are still trying to determine who was at the controls when the company jet crashed.
► [C] MARKETING
► [U] IT