Control and Scheme of arrangement: Difference between pages

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1.
1. ''Insolvency law.'' 


An internal control.
An agreement between a financially distressed company and its creditors or members to effect a merger or a restructuring, which requires the sanction of the court.




2.
2.


Orderly and systematic conditions in an organisation, resulting from strong governance and applying suitable systems and processes.
A similar agreement, for a company which is not necessarily financially distressed.




3.
== See also ==
* [[Insolvency]]
* [[Merger]]
* [[Restructuring]]


Power or ability to direct significant decisions or events.
[[Category:Corporate_finance]]
 
[[Category:Long_term_funding]]
For example, effective control over a company would normally be a consequence of a sufficiently large direct majority shareholding, but may also result from other structures and arrangements.
[[Category:Compliance_and_audit]]
 
[[Category:Manage_risks]]
 
[[Category:Risk_frameworks]]
==See also==
* [[Change of control clause]]
* [[Financial controller]]
* [[Governance]]
* [[Internal control]]
* [[Repatriated]]
* [[Share]]
* [[Treasury Operations and Controls]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Revision as of 20:12, 15 January 2018

1. Insolvency law.

An agreement between a financially distressed company and its creditors or members to effect a merger or a restructuring, which requires the sanction of the court.


2.

A similar agreement, for a company which is not necessarily financially distressed.


See also

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