Special Right ("Golden" Share)
Special Right ("Golden" Share) - is related to companies which were formed in the process of privatization. The special right is granted to the State for participation in governing the company. Representatives of the State are entitled to participate in GMs and have the right of veto on the decisions of the GM regarding:
changes and amendments to the company’s Charter or approval of new edition of the company's Charter;
- reorganization of the company;
- liquidation of the company, appointment of the Liquidation Commission and approval of intermediary and final liquidation balance sheets;
- changes in the company's Charter capital;
- large and interested-party transactions, as specified in Chapters X and XI of the Federal Joint Stock Company Law.
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