Article 14 — Control

For the purposes of Article 12, a Family Entity is controlled if any of the following Persons in (a) through (d) below, acting alone or together, could exercise at least 75% of the voting control or demonstrate to the satisfaction of the QFC Authority that they are otherwise able to exercise direct or indirect control over the affairs of the Family Entity (including having the right to appoint or remove the equivalent of 75% of the board of directors or managers of an entity in question):

(a) one or more Family Members;
(b) one or more Family Fiduciary Structures;
(c) one or more Family Entities; or
(d) by a combination of any of them.