A parent company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the parent company. The definition of a parent company differs by jurisdiction, with the definition normally being defined by way of laws dealing with companies in that jurisdiction.
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Famous quotes containing the words parent and/or company:
“The parent in charge is the disciplinarian.... I do not believe in letting discipline wait for another parent to handle it, nor do I think the father or mother should be allowed to become a shadowy figure who walks in the door and has to play the bad guy in the house.”
—Lawrence Balter (20th century)
“... we may remember what the Romans ... thought a cultivated person ought to be: one who knows how to choose his company among men, among things, among thoughts, in the present as well as in the past.”
—Hannah Arendt (1906–1975)