määräysvaltaisuus

Määräysvaltaisuus, often translated as "control" or "decisive influence," is a legal and business concept that refers to the ability to direct the activities of a company or organization. It is a key consideration in various legal frameworks, including company law, competition law, and accounting standards. In essence, määräysvaltaisuus signifies that one entity has the power to make strategic decisions and govern the operations of another.

The determination of määräysvaltaisuus can be based on several factors. Ownership of a majority of voting rights is a common indicator, as it allows the majority shareholder to elect the board of directors and influence key resolutions. However, control can also be established through other means, such as contractual agreements, the power to appoint or remove a majority of the board members, or the ability to exert significant influence over management through other arrangements. This influence might stem from substantial financial backing, technical expertise, or long-term supply agreements.

Understanding määräysvaltaisuus is crucial for regulatory purposes, such as preventing monopolies and ensuring fair competition. In accounting, it dictates whether a subsidiary's financial statements should be consolidated with those of its parent company. The concept also plays a role in corporate governance, defining the lines of accountability and decision-making authority within a group of companies. The specific legal tests and thresholds for establishing määräysvaltaisuus can vary between different jurisdictions.