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 unjustifiable severity of a parent is loaded with this aggravation, that those whom he injures are always in his sight.”
—Joseph Addison (1672–1719)
“A man is never completely alone in this world. At the worst, he has the company of a boy, a youth, and by and by a grown man—the one he used to be.”
—Cesare Pavese (1908–1950)