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.
Normative democratic theory deals with the moral foundations of democracy and democratic institutions. It is distinct from descriptive and explanatory democratic theory.It does not offer in the first instance a scientific study of those societies that are called democratic.. Democracy Defined. To fix ideas, the term âdemocracy,â as I will use it in this article, refers very generally to a method of group decision making characterized by a kind of equality among the participants at an essential stage of the collective decision making. Four aspects of this definition should be noted.