Control rights are the legal and contractual rights that give a party the ability to direct—or block—key company decisions, typically through voting power, board governance, and investor consent (veto) provisions.
Common control rights examples:
Information rights (financial reporting/inspection that supports oversight)
Voting rights (e.g., electing directors, approving mergers)
Board rights (board seats, observer rights)
Protective provisions / consent rights (approval required for issuing new shares, taking on debt, changing the charter, selling the company)
