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.
Countries designated electoral democracies in Freedom House's 2016 survey Freedom in the World, covering the year 2016. Representative democracy (also indirect democracy, representative republic, or psephocracy) is a type of democracy founded on the principle of elected officials representing a group of people, as opposed to direct democracy.