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KembaraXtra – Legal Terms – Parent Company
A parent company is a company that controls another company known as a subsidiary company.
Control usually exists where the parent company owns a majority of shares or voting rights in the subsidiary.
The parent company may influence the subsidiary’s management, policies, and business decisions.
Corporate groups commonly consist of a parent company together with several subsidiaries.
The legal relationship between parent and subsidiary companies is important in company law and financial regulation.
A parent company is a company that controls another company known as a subsidiary company.
Control usually exists where the parent company owns a majority of shares or voting rights in the subsidiary.
The parent company may influence the subsidiary’s management, policies, and business decisions.
Corporate groups commonly consist of a parent company together with several subsidiaries.
The legal relationship between parent and subsidiary companies is important in company law and financial regulation.
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