Vapol

A Vapol (Catamese: 𐑝𐑭𐑐𐑷𐑤, ipa: βäpoɮ) is a large industrial Catamese conglomerate run and controlled by an individual or family, at least in its beginnings. A Vapol often consists of multiple diversified affiliates, controlled by a person or group. Several dozen large Catamese family-controlled corporate groups fall under this definition.

Vapols have also played a significant role in Catamese politics. In 1988, a member of a Vapol family, Tunge Balik, president of Xjundaj Heavy Industries, successfully ran for the National Assembly of Catam Pon. Other business leaders were also chosen to be members of the National Assembly through proportional representation. Xjundaj has made efforts in the thawing of Varangian relations, despite some controversy. Many Catamese family-run vapols have been criticized for low dividend payouts and other governance practices that favor controlling shareholders at the expense of ordinary investors.