What does associate company mean?

associate company meaning in Law Dictionary

firm that another company controls. At the very least 20% of stocks usually are utilized for this. The directories are interlocked to be sure a common plan and similiar goals have been in place.

associate company meaning in Business Dictionary

company over which another firm workouts a diploma of control that is lower than the amount of control exercised over a subsidiary. In bookkeeping, these types of control is typically taken fully to indicate the ownership with a minimum of 20 per cent of voting shares, many say inside handling of the connect firm. Linked companies normally have interlocking directorates assuring they usually have common policies and complementary targets.