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Definition: Majority Control
‘Majority control’ or ‘majority interest’ or ‘controlling interest’ means possession of highest authority in the ownership of a firm. The person or firm with majority control is called the ‘majority shareholder’. This implies that no individual or coalition can oppose the motion of a majority shareholder. Usually this means having at least 50% plus one share of a company with publicly traded stock. But in case none of the other shareholders own significant amount of share, majority control may be achieved by owning a much less percentage of shares, e.g. at least 33% plus one share.