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.
Authoritarianism and democracy are not fundamentally opposed to one another, as it is possible for democracies to possess authoritarian elements. An illiberal democracy (or procedural democracy) is distinguished from liberal democracy (or substantive democracy) in that illiberal democracies lack features such as the rule of law, protections for minority groups and an independent judiciary.