14 6. Nana Co owns 45% of the equity shares of Thorin Co and is the largest shareholder. It is able to control the board of directors. At the same time, Nana Co has an agreement with another shareholder Legolas Co who holds 10% of the shares of Thorin Co whereby it will vote in agreement with Nana Co. Can Nana Co exercise control over Thorin Co?* (a) No, as Nana Co can only control the board of directors. (b) Yes, Nana Co can have control solely because it has an agreement with Legolas Co. (c) Yes, Nana Co can exercise control over Thorin Co as it has control over the board of directors. (d) No, Nana Co cannot exercise control over Thorin Co as it has less than 50% of the equity shares