We use cookies to improve your experience on our website. By continuing to browse, you agree to our use of cookies.
'Control'* over an entity* is generally exercised by the natural person(s) who ultimately has/have a controlling ownership interest in the entity.
A 'controlling ownership interest' depends on the ownership structure of the legal person and is usually identified based on a threshold by applying a risk-based approach [e.g., any person(s) owning more than a certain percentage of the legal person, e.g., 20% for Namibia and Zimbabwe, 25% for Eswatini and Lesotho.]
Where no natural person(s) exercise(s) control through ownership interests, the controlling person(s)* of the entity will be the natural person(s) who exercise(s) control over the entity through other means such as a majority of a voting right or the right to appoint or remove the majority of the board of the directors.
Where no natural person(s) is/are identified as exercising control over the entity through ownership interests, the reportable person will be deemed to be the natural person holding the position of senior managing official.
*For any defined terms please see the Table of terms and definitions.