Parent Company

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:

    No parent should strive to be like another; just like our children, each of us is unique. And just as we love each of our children for being a special person, our children learn to love each of us for being a distinct parent and person.
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    Life is very narrow. Bring any club or company of intelligent men together again after ten years, and if the presence of some penetrating and calming genius could dispose them to frankness, what a confession of insanities would come up!
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