Corporate Control Ontology
type: Ontology
abstract: This ontology defines concepts relating to corporation-specific control. These concepts are based on the general types of control (both de facto control and controlling interests), as defined in the ControlParties ontology, and are the specific examples of these concepts as they apply to companies incorporated by the issuance of shares.
license: http://opensource.org/licenses/MIT
imports: FormalBusinessOrganizations
imports: LegalPersons
imports: ControlParties
imports: CorporateOwnership
imports: OwnershipParties
imports: Control
imports: Parties
imports: Roles
imports: Relations
imports: AnnotationVocabulary
version IRI: CorporateControl
change note: The https://spec.edmcouncil.org/fibo/ontology/BE/20131101/OwnershipAndControl/CorporateControl.rdf version of this ontology was modified per the issue resolutions identified in the FIBO BE 1.0 FTF report.
change note: The https://spec.edmcouncil.org/fibo/ontology/BE/20160201/OwnershipAndControl/CorporateControl.rdf version of this ontology was modified per the FIBO 2.0 RFC to add missing definitions and labels, eliminate references to BusinessFacingTypes, replace min 1 QCRs with someValuesFrom, address other hygiene issues, and limit the burden of certain restrictions, such as those on stock corporation, for typical applications.
change note: The https://spec.edmcouncil.org/fibo/ontology/BE/20180801/OwnershipAndControl/CorporateControl.rdf version of this ontology was modified as a part of a simplification strategy for the organizational class hierarchy and to correct reasoning anomalies.
change note: The https://spec.edmcouncil.org/fibo/ontology/BE/20190101/OwnershipAndControl/CorporateControl.rdf version of this ontology was revised to allow any legal entity to participate in control relations rather than limiting control to a stock corporation, and simplifying others such that any party can be a significant shareholder, for example, rather than limiting this role to a legal entity.
change note: The https://spec.edmcouncil.org/fibo/ontology/BE/20200501/OwnershipAndControl/CorporateControl.rdf version of this ontology was revised to further clean up definitions related to control via ownership of shares, which only applies to corporations and some partnerships, and revise and extend the definition of affiliation.
change note: The https://spec.edmcouncil.org/fibo/ontology/BE/20200601/OwnershipAndControl/CorporateControl.rdf version of the ontology was modified to simplify control concepts and relations.
change note: The https://spec.edmcouncil.org/fibo/ontology/BE/20201201/OwnershipAndControl/CorporateControl.rdf version of the ontology was modified to incorporate the latest insights into how control relations should integrate with the control situation.
change note: The https://spec.edmcouncil.org/fibo/ontology/BE/20210401/OwnershipAndControl/CorporateControl.rdf version of the ontology was modified to address text formatting hygiene issues.
change note: The https://spec.edmcouncil.org/fibo/ontology/BE/20220801/OwnershipAndControl/CorporateControl.rdf version of the ontology was modified to use the Commons Ontology Library (Commons) Annotation Vocabulary rather than the OMG's Specification Metadata vocabulary.
has maturity level: Release
copyright: Copyright (c) 2013-2023 EDM Council, Inc.
copyright: Copyright (c) 2013-2023 Object Management Group, Inc.

affiliate
type: Class
subclass of: PartyInRole
subclass of: Restriction
  on property: is affiliate of
  some values from: affiliate
equivalent class: Class
  union of: MajorityControllingParty
  union of: ControlledParty
definition: party that is related to a legal entity, directly, or indirectly through one or more intermediaries, and controls, or is controlled by, or is under common control with that entity, typically determined by the degree of ownership

affiliation
type: Class
subclass of: Control
subclass of: Restriction
  on property: hasActor
  some values from: controlling affiliate
subclass of: Restriction
  on property: hasUndergoer
  some values from: controlled affiliate
definition: situation in which a controlled party is affiliated with a controlling party for some period of time

controlled affiliate
type: Class
subclass of: ControlledParty
subclass of: affiliate
subclass of: Restriction
  on property: hasIdentity
  all values from: LegalEntity
definition: controlled party in an affiliation situation

controlling affiliate
type: Class
subclass of: MajorityControllingParty
subclass of: affiliate
definition: controlling party in an affiliation situation

domestic ultimate parent
type: Class
subclass of: total controlling interest party
definition: party that is recognized as the ultimate parent of a given organization within the country or jurisdiction of incorporation or organization

global ultimate parent
type: Class
subclass of: total controlling interest party
definition: party that is recognized as the ultimate parent of a given organization world-wide

joint venture partner
type: Class
subclass of: EntityControllingParty
subclass of: Restriction
  on property: isControllingPartyOf
  some values from: JointVenture
definition: party that shares capital, technology, human resources, risks, and benefits of an entity under shared control

significant shareholder
type: Class
subclass of: voting shareholder
definition: party that owns a significant voting stake in an organization that is less than 50 percent but greater than some threshold
explanatory note: Note that the concept of significance varies depending on the jurisdiction, and particularly with respect to reporting requirements. For example, in some cases, three (3) percent ownership of any class or series of shares is considered significant, and in others it means more than five or ten percent of the total combined voting power across all classes of securities.

subsidiary
type: Class
subclass of: controlled affiliate
definition: legal entity that is entirely or majority owned and controlled by another legal entity
explanatory note: A subsidiary is a separate, distinct legal entity from its parent company(ies) for the purposes of taxation, regulatory compliance, and with respect to liability.

total controlling interest party
type: Class
subclass of: TotalOwner
subclass of: significant shareholder
definition: voting shareholder that owns 100 percent of the voting shares in some legal entity
explanatory note: By virtue of holding 100 percent of the share ownership, the total controlling interest company also holds 100 percent of the controlling equity, if there is a difference. Therefore, it is both a total owner and a total controlling party.
synonym: parent company

voting shareholder
type: Class
subclass of: DeJureControllingInterestParty
subclass of: Shareholder
definition: shareholder whose shares confer the right to vote in corporate elections, including the right to elect directors at annual or special meetings, and to express their views to corporate management and directors on significant issues that may affect the value of those shares

has affiliate
type: ObjectProperty
sub property of: isControlledPartyOf
domain: LegalEntity
range: affiliate
definition: has a party which directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with the company

has controlling affiliate
type: ObjectProperty
sub property of: is affiliate of
sub property of: isAffectedBy
domain: controlled affiliate
range: controlling affiliate
definition: is directly, or indirectly through one or more intermediaries, controlled by

has domestic ultimate parent
type: ObjectProperty
sub property of: hasMajorityControllingParty
range: domestic ultimate parent
definition: relates an organization to another recognized as its ultimate parent, within its country or jurisdiction of incorporation, if it has one
editorial note: In the case of companies that are subsidiaries of another company that itself has a parent, this identifies the organization at the top of the hierarchy of organizations in the country of registration. Adapted from consensus definition of Ultimate Parent, now that this is split into national and global parent.
adapted from: consensus definition of ultimate parent, with the split between domestic and global parent

has global ultimate parent
type: ObjectProperty
sub property of: hasMajorityControllingParty
range: global ultimate parent
definition: relates an organization to another recognized as its ultimate parent, if it has one
editorial note: In the case of companies that are subsidiaries of another company that itself has a parent, this identifies the organization at the top of the hierarchy, world-wide. Adapted from consensus definition of Ultimate Parent, now that this is split into national and global parent.
adapted from: consensus definition of ultimate parent, with the split between domestic and global parent

has subsidiary
type: ObjectProperty
domain: LegalEntity
range: subsidiary
property chain axiom: playsRole
property chain axiom: is parent company of
definition: relates a legal entity to another organization that it owns at least 50 percent of

is affiliate of
type: ObjectProperty
type: SymmetricProperty
domain: affiliate
range: affiliate
definition: relates a party which directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control by another party to that party

is controlling affiliate of
type: ObjectProperty
sub property of: is affiliate of
sub property of: actsOn
domain: controlling affiliate
range: controlled affiliate
inverse of: has controlling affiliate
definition: controls directly, or indirectly through one or more intermediaries

is parent company of
type: ObjectProperty
sub property of: is controlling affiliate of
domain: controlling affiliate
range: subsidiary
inverse of: is subsidiary of
definition: indicates a controlled affiliate that it owns at least 50 percent of

is subsidiary of
type: ObjectProperty
sub property of: has controlling affiliate
domain: subsidiary
range: controlling affiliate
definition: is controlled directly, or indirectly through one or more intermediaries and owned at least 50 percent by

is wholly owned by
type: ObjectProperty
domain: LegalEntity
range: total controlling interest party
property chain axiom: playsRole
property chain axiom: is subsidiary of
definition: relates a legal entity to a party that has 100 percent ownership and control over it