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Partnership.rdf (86) (87)

Resolution M - Deprecate Affiliate (Discretionary)

Description: Remove affiliate

Rationale: In current release the restrictions defining affiliate are too limiting and require further analysis.  Also affiliate is often defined differently according to different regulations.  Our recommendation is to remove the class Affiliate from this release and further develop the concept in a future release that will support  regulatory plugins e.g. RegulationW, et.al.  However we can add the object property isAffiliateOf which can describe an assertion that an IndependentParty is an affiliate of another IndependentParty.  This is a much more generic view of the affiliate relationship.

Resolution: 

A.   In module CorporateControl

• remove Class Affiliate
• remove object property hasAffiliate so that it can instead be replaced by a more symmetrically named property as well as a broader domain than StockCorporation 

B. In module ControlParties

• add object property isAffiliateOf
• add label: "is affiliate of"
• add skos:definition: "relates an independent party to another independent party such that one party directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control by the other party"
• add adaptedFrom: http://www.businessdictionary.com/definition/affiliate.html
• add editorialNote: "This definition will expand and become more precise in FIBO regulatory plugins that can more specifically define the relation in terms of the specific language and intent of the regulation, e.g. RegulationW."
• set property domain to be IndependentParty
• set property range to be IndependentParty
• set property characteristic to be symmetric