FIBOFTF2 — Several properties and classes in Ownership and Control are missing definitions, and some do not conform to FIBO naming conventions

A number of properties and a few classes were added to the FIBO FND Ownership and Control ontologies to support the structural work completed under FTF 1. None of the new properties or classes have definitions, and some properties do not conform with the naming conventions established for all FIBO ontologies.

In the Control ontology, the following properties are missing definitions: (1) controlByParty, (2) controlOfThing, (3) isControlledThingInRole, and (4) isControllingPartyInRole. Two of these, controlByParty and controlOfThing are not verbs, which is not conformant with FIBO naming conventions. In the same ontology, the newly added Control and ControlledThing classes are also missing definitions.

In the Ownership ontology, the following properties are missing definitions: (1) isOwnedThingInRole, (2) isOwningPartyInRole, (3) ownershipByParty, and (4) ownershipOfThing. Two of these, ownershipByParty and ownershipOfThing are also not verbs, i.e., are not conformant with FIBO Naming conventions.

Add missing definitions for Ownership and Control and rename some properties

Change names of properties in Ownership and in Control ontologies to conform to naming conventions

Add/change skos:definition as appropriate

Changes are relative to the version submitted for FTF2

Summary of Model Changes
1. Rename properties as follows:
a. controlByParty -> hasPartyInControl
b. controlOfThing-> isInControlOfThing
2. Add skos:definitions as follows
a. To fibo-fnd-oac-ctl:Control “The possession by a party, direct or indirect, of the power to direct or cause the direction of the management and policies of a thing, whether through the ownership of voting shares, by contract, or otherwise.”
b. To fibo-fnd-oac-ctl:isInControlOfThing “Indicates the thing in a control relationship where a party controls a thing.”
c. To isPlayedBy “indicates the actor (the independent thing) that performs a role.”
d. To fibo-fnd-oac-ctl:ControlledThing “Thing over which some party exercises some form of control in some context.”
e. To fibo-fnd-oac-ctl:hasPartyInControl “Indicates the party in a control relationship where a party controls a thing.”