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:
“To be a good enough parent one must be able to feel secure in one’s parenthood, and one’s relation to one’s child...The security of the parent about being a parent will eventually become the source of the child’s feeling secure about himself.”
—Bruno Bettelheim (20th century)
“The company of women of fashion will improve your manners, though not your understanding; and that complaisance and politeness, which are so useful in men’s company, can only be acquired in women’s.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)