affiliated person

Affiliated person

An individual who possesses enough influence and control in a corporation as to be able to alter the actions of the corporation.

Control Person

An important person in a corporation. Control persons include senior managers, members of the board of directors, and officers such as the CEO and CFO. Control persons are able to use both their authority and their influence to make decisions on the corporation's activities. A control person is also called an affiliated person.

affiliated person

A person who is in a position to influence a firm's management decisions. Affiliated persons usually include directors, officers, owners of more than 10% of the firm's outstanding stock, and family members or close associates of these groups. Also called control person.