Shark Repellent- The concept of golden share is diagonally opposite to shark repellent which talks of ‘any number of measures taken by a corporation to discourage an unwanted takeover attempt’.
Laissez faire- An economic theory from 18th century that is strongly opposed to any government intervention in business affairs. Sometimes referred to as “Let it be economics”. Laissez faire is French for “leave alone”. The concept of golden share is diagonally opposite to this concept to this concept of Laissez faire.
Types of golden shares-
Two types have been employed: Ones without time limit and the other with the limit (or for specified period). This is usually created to ward off unwelcome takeover bids on the grounds of national security.
Those with limits are generally held by government for a specific period, created to allow privatized companies time to adjust to operating in the private sector. This type is basically prevalent in India.
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