Parent Company
A company may own one or more other companies which are its subsidiaries. The relationship between parent and subsidiary depends on majority control of the voting rights of shares or the ability to appoint the majority of directors.
Dochow for allowing IndyMac to backdate a capital infusion of $18 million from its parent company so that the bank would appear "well capitalized" in its 10-Q for the period ending March 31, 2008.
The parent company of a subsidiary generally has the same policy-making powers as any majority owner and can do such things as appoint directors and hire officers.
The future of UK model manufacturer Airfix, founded in 1939, is in doubt after the financial collapse of parent company Humbrol. Company administrators declare they wish to sell the Airfix brand. (BBC) ...
Dividend: A share of profits issued to the holders of shares in a corporation. Dividends can be paid in shares of stock or other property such as shares in a subsidiary or parent company.
 See also: Company, State, Office, Court, Information
  
|
RSS
