UK Accounting Glossary
A parent company is a company that owns enough voting stock in another firm to control management and operation by influencing or electing its board of directors. The (child) company is deemed a subsidiary of the parent company.
Each unit including the parent company has its own, localised management team.
Their parent company, as it now exists, was formed through a series of mergers and acquisitions in the late 1950’s.
The parent company will also discard the Blockbusters name for an undisclosed moniker later this year.
Blockbuster Inc’s parent company, Viacom, owns Mount Pictures.
A parent company has a 40% interest in an associated company.
The parent company has issued a legally-binding letter of demands to its subsidiary.
It was destined to be popular, but not quite in the way its parent company intended.
Cultural difficulties highlight another issue which may arise if a parent company is based abroad.
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This glossary post was last updated: 23rd December 2018.