Does companyA with majority shares to companyB always/often have the decision?

Question

I have read that companyA now have 60% shares of companyB. Does it mean that companyA have the business decisions for CompanyB? or this still depends on the agreement or board seat?

gnasher729 · Accepted Answer

Company A can ask for a shareholder meeting at any time. And for any decision that doesn’t require more than 60% majority they will have the majority.
If Company B set up rules that some decisions need say 2/3rd majority then Company A would likely not have bought 60% of the shares.

RonJohn · Answer

One of the immediate side effects of gnasher729's answer is that -- at the very first shareholder meeting -- Company A will appoint "their people" to Company B's board of directors. It is they who will chose the CEO and President of Company B (or ensure that the existing CEO and President follow Company A's policies and goals).

Answered by RonJohn on February 18, 2021

Does companyA with majority shares to companyB always/often have the decision?

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