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:
“This part of being a man, changing the way we parent, happens only when we want it to. It changes because we are determined for it to change; and the motive for changing often comes out of wanting to be the kind of parent we didn’t have.”
—Augustus Y. Napier (20th century)
“If it were not for the company of fools, a witty man would often be greatly at a loss.”
—François, Duc De La Rochefoucauld (1613–1680)