https://www.taxtmi.com/news?id=47620 A contractual golden share in the national security agreement gives the sitting President appointment and veto powers over specified corporate actions affecting domestic steel production; those powers are held by Donald J. Trump (or his designee) while he is president and revert to the Treasury and Commerce Departments when another president serves. The agreement, effective June 13, binds Nippon Steel, its U.S. subsidiary and the federal government and requires presidential written consent for specified matters including reductions in capital commitments, name or headquarters changes, plant closures or idling, transfers of production or jobs abroad, acquisitions of competing U.S. businesses, and certain trade, labor and sourcing decisions. en-us Thu, 26 Jun 2025 08:31:04 +0530 Thu, 26 Jun 2025 08:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=47620 A contractual golden share in the national security agreement gives the sitting President appointment and veto powers over specified corporate actions affecting domestic steel production; those powers are held by Donald J. Trump (or his designee) while he is president and revert to the Treasury and Commerce Departments when another president serves. The agreement, effective June 13, binds Nippon Steel, its U.S. subsidiary and the federal government and requires presidential written consent for specified matters including reductions in capital commitments, name or headquarters changes, plant closures or idling, transfers of production or jobs abroad, acquisitions of competing U.S. businesses, and certain trade, labor and sourcing decisions. News - Thu, 26 Jun 2025 08:31:04 +0530 https://www.taxtmi.com/news?id=47620