CERTYNEX IFRS ACADEMY

Pic SA, Roc SA and Sol SA hold 34%, 33% and 33% respectively of the voting rights of Atlas SA. Under the agreement, decisions about the relevant activities are taken at 66% or more of the voting rights (decision rule: case data). Every combination of two parties reaches this threshold. What is concluded about joint control of Atlas?

No joint control: several combinations of parties reach the 66 % voting threshold, so each party's agreement is not required.

Joint control by the three parties, because each holds about a third of the voting rights and therefore takes part in each of the decisions.

Joint control by Pic and Roc, because these two parties together hold 67% of the voting rights, more than the decision threshold set.

Joint control by Pic, because it holds the highest percentage of voting rights and therefore prevails in the event of disagreement between parties.