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The Court of Chancery concluded that "it is reasonably conceivable that Musk, as a controlling stockholder, controlled the Tesla Board in connection with the Acquisition". For this purpose, citing Delaware authority, the Court states that a "controlling stockholder" includes one who exercises control over the corporation's business affairs notwithstanding being a minority stockholder.
Precisely who exercises control or direction is therefore unclear.
What value is added by a remote headquarters that exercises control of financial performance alone?
It leaves the operating details to the divisions and exercises control by measuring their performance periodically.
It exercises control over expenditures and has the responsibility for maintaining professional standards.
"My medications and exercises control my tremor, so doing surgery is not a problem".
The Australian Broadcasting Authority exercises control in certain matters over the commercial private-enterprise services.
Similar(4)
I like to exercise control.
But they do not usually exercise control.
Kids are exercising control over media".
All strong lobbies aspire to exercise control.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com