1 min readSep 20, 2020
SUBSIDIARIES (1)
Simply put, a subsidiary is a company owned by another company, usually referred to as a Holding Company or a Parent Company.
Ownership in this regard refers to control.
Why do you need Subsidiaries ?
Expansion of Operations geographically
Structuring your business lines to aid effective management
Diversification into newer markets
To optimize efficiency in a large group
To protect parent companies from certain risks associated with a particular business activity.
#BoardroomswithMojola is run by Mojolaoluwa Olaifa , a Corporate Governance expert and founder of Zyden Legal .