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:
“A man doesn’t have to have all the answers—children will teach him how to parent them, and in the process will teach him everything he needs to know about life.”
—Frank Pittman (20th century)
“More company increases happiness, but does not lighten or diminish misery.”
—Thomas Traherne (1636–1674)
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