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:
“The pressures of being a parent are equal to any pressure on earth. To be a conscious parent, and really look to that little being’s mental and physical health, is a responsibility which most of us, including me, avoid most of the time because it’s too hard.”
—John Lennon (1940–1980)
“Attending upon a prince is as dangerous as keeping company with a tiger.”
—Chinese proverb.
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