Private benefits of control is a technical term used by corporate law

Corporate law

Corporate law is the study of how shareholders, directors, employees, creditors, and other stakeholders such as consumers, the community and the environment interact with one another. Corporate law is a part of a broader companies law...

yers and economists. It refers to the economic gain from exerting influence on a company by large shareholders at the expense of small shareholders.

Types

There are two different types of private benefits of control from company value perspective: Benefits which reduce the value of company and which do not so.

Protection

In order to prevent the impact on the small shareholders from the realization of these benefits of large shareholders, there is usually a Mandatory Offer policy in transaction area for protection of the small shareholders from kinds of value-destroying transactions.