Examlex
What is the Belmont Report?
Parent Company
A parent company is a corporation that owns enough voting stock in another corporation (subsidiary) to control its board of directors and therefore its operations and policies.
Subsidiary
A company that is completely or partially owned and wholly controlled by another company, referred to as the parent company.
Voting Stock
Shares that give the shareholder a right to vote on company matters, such as electing the board of directors.
Control
The power to direct the financial and operating policies of a business with a view to gain economic benefits from its activities.
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