Parent Company
A parent company is a company that owns enough voting stock in another firm (subsidiary) to control management and operations by influencing or electing its board of directors. A parent company could simply be a company that wholly owns another company. This would be known as a "wholly owned subsidiary".
Read more about this topic: Holding Company
Famous quotes containing the words parent and/or company:
“To be a good enough parent one must be able to feel secure in one’s parenthood, and one’s relation to one’s child...The security of the parent about being a parent will eventually become the source of the child’s feeling secure about himself.”
—Bruno Bettelheim (20th century)
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—Marcel Proust (1871–1922)