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A corporate group, company group or business group, also formally known as a group of companies, is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control. These types of groups are often managed by an account manager.
Nov 27, 2019 · A group of companies is an economic entity formed of a set of companies which are either companies controlled by the same company, or the controlling company itself. Controlling a company means having the power to appoint the majority of its directors.
Dec 18, 2020 · It is generally accepted that the definition of a group of companies includes two elements: control or domination, which is a legal element, and unified direction or common management, which is a factual enterprise organisational characteristic. Definitions of control vary from country to country and between different fields of law.
- Rafael M. Manóvil
- rafael.manovil@bomchil.com
- 2021
noun [ C ] uk us. Add to word list Add to word list. → group. (Definition of group of companies from the Cambridge Business English Dictionary © Cambridge University Press) Examples of group of companies. group of companies. Both serve at different positions within the family group of companies. From. Wikipedia.
Nov 15, 2023 · A group of companies is a set of companies linked to each other by a relationship of control, direction and coordination by a parent company, called in some cases a holding company. In a group of companies, companies work together to achieve common goals, such as reducing costs and improving the quality of products/services.
In a nutshell, a group company refers to a collection of individual entities that are interconnected through a hierarchical structure, typically involving a parent company and its subsidiaries. This structure gives rise to a myriad of legal and financial implications, making it a subject of great importance in the corporate landscape.
Jul 31, 2023 · In a conglomerate, one company owns a controlling stake in smaller companies that each conduct business operations separately. Conglomerates can be created in several ways, including mergers or...
