...disqualified persons have effective control over an incorporated business enterprise.230 "Effective control" means the possession, directly or indirectly, of the power to direct or cause the 228 JOINT COMMITTEE ON INTERNAL REVENUE TAXATION, GENERAL EXPLANATION OF THE TAX REFORM ACT OF...

...broad categories of employees, and (b) do not discriminate in favor of officers or directors. Control. The possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities,...