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If the request is accepted, SAIC maintains its share holding but must relinquish management control while court-appointed executives and creditor banks determine the company's fate.
In an apparent contradiction of vows made to shareholders two months ago, when he announced he would relinquish his management control of the Hyundai Group, the conglomerate's founder recently raised his stake in Hyundai Motor.
In firms where the top management is relinquishing control, the HR people are part of those arrangements, but the CFO is typically not.
Control was relinquished to Algeria, however, in 1968.
Government control was relinquished on 15 August 1921.
Although influenced by their husband's concerns and beliefs, none of the women relinquished control of the management decisions to their husband.
Laurence Wasserman, her successor at the New York-based management agency that still bears her name, said that she had relinquished control (she called retirement a dirty word) only reluctantly in late 1998, shortly after her 96th birthday.
Mr. Miyazawa, 80, relinquished control of the party faction that he controlled in December 1998.
Eventually, Fifa relinquished control of regulating agents.
In 1957 MAP relinquished control of the schools.
Throughout the years, the Royal Palace has never relinquished control over the networks.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com