Richard Wilson: a right to stop an action
Near the end of his structure talk, Richard distinguished stopping a harmful action from directing the business proactively.
He described a limited form of control
Richard used negative controls as an example of rights worth investigating. The holder might be able to block an action affecting their position without having general operating control.
In Richard C. Wilson's words
"you might be able to stop something that would hurt your equity." (Richard C. Wilson, recorded Rainmaker Series module)
How to use this
- Describe the action that could be blocked in a summary.
- Avoid treating a limited approval right as full operating control.
Questions and answers
What distinction did Richard make?
Blocking an action and directing the business are different powers.