Newport University CED‘s operation is based on its corporate charter by the competent authority of the Republic of Latvia and had started its operation as a brunch of Newport University California since 2009, which established in 1976 as an alternative to the traditional institutions of higher education for those persons who have been unable to experience college-level learning for various reasons and was approved by the Bureau of Private Post-secondary and Vocational Education with the State of California.
In 2011, because of changed ownership Newport University California renamed as Janus University California, since then Newport University CED has no relationship with Janus University California. Newport University CED is a completely separate corporation and no how connected with the Janus University California. Newport University CED doesn’t have any on-campus activities in Latvia and has a administrative office in Bangladesh to offer the distance education programs around the world.
In 2015, Newport University CED achieved a provisional accreditation as a Distance Educational Institution from the International Distance Education Accreditation League Inc. (IDEAL), Philippine recognized by the National Network of Quality Assurance Agencies (NNQAA), which is one of two national quality assurance networks Fully Recognized by the Commission on Higher Education (CHED), Philippines. Newport documents under the 1961 Hague Apostille Convention and the Vienna Convention on Diplomatic Relations are legally recognized worldwide.
Newport University CED is a Linked Enterprise of International Center of Informatization (CII) and the World Distributed University (WDU) by signing a MoU with Infofish Bangladesh Trading Corporation Ltd. and registered in the Republic of Latvia, EU following European Commission (2003): The New SME Definition. User guide and model declaration. Enterprise and Industry Publications and work as an autonomous adult educational institution.
To know more about CII, IIA, WDU, NU Decree, License, Accreditation, Equivalence status of Degrees, Partner Universities, Please Click
This type of relationship corresponds to the economic situation of enterprises which form a group through the direct or indirect control of the majority of voting rights of an enterprise by another or through the ability to exercise a dominant influence on an enterprise. Such cases are, thus, less frequent than the two preceding types.
Two or more enterprises are linked when they have any of the following relationships:
– One enterprise holds a majority of the shareholders’ or members’ voting rights in another.
– One enterprise is entitled to appoint or remove a majority of the administrative, management or supervisory body of another.
– A contract between the enterprises, or a provision in the memorandum or articles of association of one of the enterprises, enables one to exercise a dominant influence over the other.
– One enterprise is able, by agreement, to exercise sole control over a majority of shareholders’ or members’ voting rights in another.
A typical example of a linked enterprise is the wholly-owned subsidiary.
Please see Page- 24, Chapter- 2 to know more in details about the LINKED ENTERPRISES status in the, European Commission (2003): The New SME Definition. User guide and model declaration. Enterprise and Industry Publications.
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