This arrangement makes venturing outside one's core industry possible and, under certain conditions, to benefit from tax consolidation, sharing of operating losses, and ease of divestiture. The legal definition of a holding company varies with the legal system. Some require holding of a majority (80 percent) or the entire (100 percent) voting shares of the subsidiary whereas other require as little as five percent. Use 'holding company' in a Sentence.
Participatory democracy is a process of collective decision making that combines. elements from both direct and representative democracy: Citizens have the power to. decide on policy proposals and politicians assume the role of policy implementation.
Procedural And Substantive Democracy Essays and Research Papers. 1  Procedural And Substantive Democracy democratic, it must practice procedural democracy and substantive democracy. A solid foundation and... 2  Philosophy and Democracy 1. RONALD DWORKIN: According to Dworkin, democracy is an egalitarian perception to political equality ().