kontrollivõimu

Kontrollivõimu, often translated as "power of control" or "supervisory power," is a legal concept primarily found in Estonian law. It refers to the right of a shareholder, or a group of shareholders acting in concert, to exert significant influence over a company's management and decision-making processes. This power is not necessarily absolute ownership but rather a de facto ability to direct the company's affairs.

The existence of kontrollivõimu is often determined by the percentage of voting shares held by a party. While a specific threshold can vary, holding a majority of voting rights typically confers this power. However, it can also be established through other means, such as significant minority shareholdings that provide blocking rights on crucial decisions or through contractual agreements that grant control.

Kontrollivõimu implies a responsibility on the part of the controlling party. They are expected to act in the best interests of the company and all its shareholders, not just their own. This principle is rooted in corporate governance and aims to prevent abuses of power. If a controlling shareholder acts against the company's interests for their own gain, potentially harming minority shareholders, legal remedies may be available. The concept is crucial in understanding the dynamics of corporate ownership and accountability in Estonia.