'company' originates from Old French 'compaignie', meaning 'society, friendship, intimacy; body of soldiers', and 'controlled' comes from Old French 'contreroller', meaning 'to check, verify'.

'Company' evolved from the Old French 'compaignie' to the modern English 'company', and 'controlled' evolved from 'contreroller' to 'control'.

Initially, 'company' referred to a group of people, especially soldiers, and 'controlled' meant to check or verify. Over time, 'company-controlled' came to mean managed or governed by a company.