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:
“Parenting can be established as a time-share job, but mothers are less good “switching off” their parent identity and turning to something else. Many women envy the father’s ability to set clear boundaries between home and work, between being an on-duty and an off-duty parent.... Women work very hard to maintain a closeness to their child. Father’s value intimacy with a child, but often do not know how to work to maintain it.”
—Terri Apter (20th century)
“Mrs. Mirvan says we are not to walk in [St. James’s] Park again next Sunday ... because there is better company in Kensington Gardens; but really, if you had seen how every body was dressed, you would not think that possible.”
—Frances Burney (1752–1840)