Parent company
company that owns enough voting stock in another firm to control management and operations
A parent company is a company that owns enough voting stock in another company to control the management and operation by changing or electing its board of directors. Companies that are under this management are called subsidiaries of the parent company.[1]
Sometimes, a company intended to be a pure holding company identifies itself as such by adding "Holding" or "Holdings" to its name.[2]
References
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