Government-linked company
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A Government Linked Company (GLC) is a corporate entity that may private or public (listed on a stock exchange) where an existing government owns a stake using a holding company. There are two main definitions of GLCs are dependent on the proportion of the corporate entity a government owns.
One definition purports that a company is classified as a GLC if a government owns an effective controlling interest (>50%), while the second definition suggests that any corporate entity that has a government as a shareholder is a GLC.
[edit] Examples of holding companies
- Dubai Holding
- Future Fund (Australia)
- Government of Singapore Investment Corporation (GIC)
- Korean Investment Corporation
- Khazanah Nasional - Proton (company), Telekom Malaysia, Malaysia Airlines, Tenaga Nasional
- TeliaSonera
- Temasek Holdings