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 parent is the strongest statement that the child hears regarding what it means to be alive and real. More than what we say or do, the way we are expresses what we think it means to be alive. So the articulate parent is less a telling than a listening individual.”
—Polly Berrien Berends (20th century)
“In the old days, one married a wife; now one forms a company with a female partner, or moves in to live with a friend. And then one seduces the partner, or defiles the friend.”
—J. August Strindberg (1849–1912)