golden share

noun

1. a share in a company that controls at least 51% of the voting rights, esp one retained by the UK government in some privatization issues

Example Sentences

Members of Congress in March complained that the Chinese government has a "golden share" in ByteDance, giving it power over TikTok.

From Reuters

After a lawmaker said the Communist Party holds a “golden share” in ByteDance that allows it to control one ByteDance board seat, Chew said, “That’s not correct.”

From Washington Times

After a lawmaker said the Communist Party holds a “golden share” in ByteDance that allows it to control one ByteDance board seat, Chew said, “That’s not correct.”

From Seattle Times

In other banking news: Saule Omarova, whom President Biden had nominated to lead the Office of the Comptroller of the Currency, proposes a government “golden share” in major banks to help prevent future crises.

From New York Times

Britain owns a golden share in Rolls-Royce, meaning the government can block a takeover.

From Reuters