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TOWN OF SIDNEY REPORT TO COMMITTEE TO: Committee of the Whole FROM: Andrew Hick, Director of Corporate Services DATE: February 11, 2015, SUBJECT: ADDITIONAL BUDGET NOTES FILE NO.: 1700202015 PURPOSE:
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COTW report - general stands for Change of Ownership Transparency report - general. It is a report that discloses changes in the ownership structure of a company.
Any company that has undergone a change in ownership structure is required to file a COTW report - general.
To fill out a COTW report - general, the company must provide details of the old and new ownership structure along with the reasons for the change.
The purpose of a COTW report - general is to ensure transparency in the ownership structure of companies and to prevent any fraudulent activities.
The information that must be reported on a COTW report - general includes details of the old and new owners, the percentage of ownership, and the reasons for the change.
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