"De facto" is the keyword there. Only the nation of origin has any say on company management and infrastructure in a de jure manner. The only power non-origin nations/entities have is via leveraging their ability to do business in the region and/or their local holdings.

> The only power non-origin nations/entities have is via leveraging their ability to do business in the region and/or their local holdings.

Which is absolutely enormous, so this distinction is splitting hairs.