Subsidiary business

A subsidiary business is a business which is controlled by another business, referred to as its holding business. Control is usually achieved either by owning shares with more than 50% of the voting rights in the subsidiary, or by having the right to appoint directors to the Board who have a majority of voting rights on the Board.

 

reference: Business Studies / Accounting. Accounts & Finance Glossary. Jim Riley BA(Hons) MBA FCA // tutor2u

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