"Veto rights" refers to the power or authority to reject or say no to a decision or action that has been proposed by someone else.
Full definition
, he noted that he has
veto rights on the script and is working hard to ensure that the film gets the story right.
To additionally safeguard their investments, VC firms take an active role in the businesses they invest in, typically supplying a board member and involving themselves in all important management decisions, including
exercising veto rights over issues such as the sale of the company, additional financing, major business expenditures, etc..
«The mall had a combination of ownership, and there were multiple anchors that had
veto rights over things that could get done.
Warren Buffett learned that the hard way this summer, when Elliott used its financial might to successfully block Berkshire Hathaway's bid for energy company Oncor, by buying up company debt and pledging to exercise its
creditor veto right.
New signatories may also have to
forfeit veto rights on agreements reached while awaiting accession.
BRASILIA Boeing Co is working to overcome the Brazilian military's objections to its proposed tie - up with Embraer SA with alternatives that would preserve the government's
strategic veto rights and ensure safeguards for its defense programs, four people familiar with the matter told Reuters.
In exchange for providing funding most VC firms obtain majority voting rights by having the majority of the shares (or a preferred class of shares that are senior to common shares), as well as
special veto rights.
Most rebuilding teams didn't have to deal with anything like Brandon Phillips exercising his
trade veto rights, dealing Todd Frazier at a time when just about every team was set at third base, or trading Aroldis Chapman when the league was saying, «No way!
If the institutions of the EU will resist proposals to
give veto rights to national parliaments, member states such as the Netherlands and Denmark will support other forms of involvement.
We hope that the Core community members, especially those who have
veto rights in their decision - making process, can realize the [importance of] increases [in] the main block size.»
Don't expect this one to be
vetoed right away, he might stop to think about this one!
In one situation, an investor wanted the right to single - handedly force the company to refuse to take on new money,
veto rights that Trabelsi felt were too extreme.
SAFE contracts include some common protections for investors, such as pro rata rights (the ability to participate in future funding rounds), but leave out some more controversial terms, like provisions related to board - seat privileges and
veto rights.
Terms that dictate board seats,
veto rights, or drag - along rights (which may allow an investor to force the sale of a company) all relate to a company's control.
To overcome this, the commission said there was a debate on whether to strip EU countries of
their veto rights on tax issues, based on an article in the EU treaties that allows such exceptional action in the event of market distortions.
«It is decades that Ferrari has what is called
this veto right.
Yes it's true that Ferrari has
a veto right, but to my knowledge they never used it.
These are names he will
veto right away, but don't dismay!
@user4012 Or, more relevantly here, not unless a resolution is passed by the security counsel, where Russia has
veto rights.
The other important principle that the House needs to address in relation to these proposals concerns the question of
the veto rights of English (and English and Welsh) MPs.
Johnson's Telegraph column surmises that the UK has «absurdly and inexcusably given up
our veto rights».
Tweet Once a year, MM and I get to use
our veto right.
Mrs. Chartier agreed with that decision and did not wish to exercise
her veto right to withhold...
Alternatively, if there was a desire to have automatic renewals subject to some discretion, enumerating points which could give rise to
the veto rights and any advance notice provisions may diminish the uncertainty caused by the duty of good faith.
In speaking to people in government, I often detect anxiety about what free, prior and informed consent means, particularly in relation to
a veto right.
One routine I've implemented is creating a weekly menu and having my kids suggest a meal they would each like (I have
veto rights).