Fordham Law Review Volume 72 Issue 5 Article 35 2004 Limited But Not Lost: A Comment on the ECJ's Golden Share Decisions Christine O'Grady Putek Follow this and additional works at: https://ir.lawnet.fordham.edu/flr Part of the Law Commons Recommended Citation Christine O'Grady Putek, Limited But Not Lost: A Comment on the ECJ's Golden Share Decisions, 72 Fordham L. Rev. 2219 (2004). Available at: https://ir.lawnet.fordham.edu/flr/vol72/iss5/35 This Article is brought to you for free and open access by FLASH: The Fordham Law Archive of Scholarship and History. It has been accepted for inclusion in Fordham Law Review by an authorized editor of FLASH: The Fordham Law Archive of Scholarship and History. For more information, please contact
[email protected]. COMMENT LIMITED BUT NOT LOST: A COMMENT ON THE ECJ'S GOLDEN SHARE DECISIONS Christine O'Grady Putek* INTRODUCTION Consider the following scenario:' Remo is a large industrialized nation with a widget manufacturer, Well-Known Co. ("WK") which has a strong international reputation, and is uniquely identified with Remo. WK is an important provider of jobs in southern Remo. Because of WK's importance to Remo, for both economic and national pride reasons, Remo has a special law (the "WK law"), which gives the government of southern Remo a degree of control over WK, all in the name of protection of the company from unwanted foreign takeovers and of other national interests, such as employment. The law caps the number of voting shares that any one investor may own, and gives the government of Southern Remo influence over key company decisions by allowing it to appoint half the board of directors.