Wiktionary
absentee ownership
n. (context economics business uncountable English) Ownership of business or property by parties rarely present.
Usage examples of "absentee ownership".
Our only purpose is to establish our own independence, to manage our own affairs, to throw off the crushing yoke of absentee ownership and of taxation without representation, which has bled us poor.
The tradition of absentee ownership was an old one in Ireland -- like O'Donnell's home, a legacy from the English.