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Management Rights

Management Rights defined:┬áManagement rights is a range of discretion in managing an organization reserved for its management under most corporate legislation. Management rights comprise of core rights (such as to determine the organization’s mission, budget, strategy) and operational rights (such as to assign, direct, hire and fire).

Above is a definition for “Management Rights” from PrivCo’s Private Company Knowledge Bank, the definitive online and e-book guide to private companies and private company deals.

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