![]() ![]() ![]() Otherwise a minority shareholder could just sack the Board, install their own favourites and then the Board would decide to give all the profits to the minority shareholder.Ĭorporate governance, Boards, non-exec directors and remuneration commitees!! Always a good time. The powers/set up of the Board are key to this as that is the legal way that someone tries to take control, or enforce the control they already have. Offsetting that, tencent are not going to have invested hundreds of millions without gaining some control and oversight of the company.the negotiations and trade-offs will have made several lawyers very rich. You can use this information to manage or block Epic Games apps, web access and more. This game distribution platform has Valves Steam and Epic Games Store as its. So even having 40% of the Board may be irrelevant if Tim Sweeney has right of veto and final say etc. Details on Epic Games domains and IP networks. List of Biggest Video Game Companies - Sony, XBox - Nintendo - Tencent. Given one person owns 50%+ they may well have specific rules/clauses written into the Board structuring giving that person more power. ![]() They have two board members on Epic as well. tim sweeney responds epic games store criticism epic epic games spyware tencent epic. But what we know for a fact that Epic is 40 to 48 percent owned by Tencent, a large Chinese tech firm who heavily spies on Chinese citizens with collaborating with Chinese government. My completely naive expectation would be that Tencent gets 40% of the seats on the Board, but not enough to wield automatic majority votes, or completely fill whatever non-exec remuneration committee Epic has. 14 21 21 comments Best Berserker66666 3 yr. Usually I think this is negotiated if/when a sale of shares goes through. FWIW - i think owning significant shares of a company entitles the owner to representation on the Board. ![]()
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