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.
Democracy, or democratic government, is a system of government in which all the people of a state or polity ... are involved in making decisions about its affairs, typically by voting to elect representatives to a parliament or similar assembly, as defined by the Oxford English Dictionary.irect democracy is a political system where the citizens participate in the decision-making personally, contrary to relying on intermediaries or representatives. The use of a lot system, a characteristic of Athenian democracy, is unique to direct democracies.