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:
“I think that parents ought to get some idea of how the so- called “experts” have changed their advice over the decades, so that they won’t take them deadly seriously, and so that if the parent has the strong feeling, “I don’t like this advice,” the parent won’t feel compelled to follow it. . . . So don’t worry about trying to do a perfect job. There is no perfect job. There is no one way of raising your children.”
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—Ralph Waldo Emerson (1803–1882)