LISTED companies should be defined as “owned” and not “controlled” because the 10 percent minimum public ownership (10 percent MPO) required under the rules imposed by the Securities and Exchange Commission (SEC) may even be much less than what their ownership profiles show them to be.
For the sake of the public, the SEC officials should explain what the 10 percent MPO should mean. Should it include insiders’ holdings and those held by companies allied with the same families listed as owners?
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