Corporate parent

A corporate parent is a company that owns and controls other companies, called subsidiaries. Think of it as a parent company that holds the majority of shares in its subsidiaries, guiding their strategy and overseeing operations. The parent provides resources, support, and oversight, but each subsidiary usually operates independently in its day-to-day activities. This structure allows the parent company to diversify its business interests, manage risks, and benefit from the successes of its subsidiaries, all while maintaining overall control and strategic direction.