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.
At the subjective level, Inclusive Democracy is grounded on the conscious choice of citizens for autonomy, and not on dogmas, religions and irrational systems or closed theoretical systems, which rule out any questioning about the ultimate grounds of these beliefs â the cornerstone of democracy. IV.