$($b$)$Good Pty Ltd acquired $40\%$ of voting rights of Hope Pty Ltd Pty Ltd with other remaining investors owning only $5\%$ each of the voting rights. The shareholders agreement provides that Good Pty Ltd can appoint, remove and set the remuneration for executive management who are responsible for key decisions of the business of Hope Pty Ltd Pty Ltd$.$ To be able to change the shareholders agreement, a two thirds $(2/3)$ majority vote is required.

Required:

Based on the IFRS $10$ definition of control, discuss whether Good Pty Ltd controls Hope Pty Ltd$.(14$ marks$)$