Definition
Indonesian Golden Share – A single special class of share ("dwiwarna" means "two-colored" in Indonesian) that the Government of Indonesia retains in a former state monopoly after privatization, carrying no material economic stake but a veto right over specific corporate actions — commonly the election/removal of commissioners and directors, new share issuances, and amendments to the articles of association. Lets the state keep a permanent blocking vote over control-sensitive decisions even after selling down the vast majority of its economic ownership to public shareholders. Found In: Notes to Financial Statements (share capital), Cover Page