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:
“Every parent can imagine the joys of child abuse.”
—Mason Cooley (b. 1927)
“We’re too unseparate. And going home
From company means coming to our senses.”
—Robert Frost (1874–1963)