parent enterprise
1.This paper introduces that it is the major step for the parent company to accredit the Chief Financial Officer to its subsidiaries in enterprise groups to ensure the separation of ownership and management,and the key to establish modern enterprise system as well.
2.Note1: an enterprise group may consist of a parent company, its subsidiaries, associates and branches.
3.We develop a basic principal-agent model, which comprises a parent company (ie. Principle), top management and CFO of subsidiary company, to examine the effectiveness of the internal control mechanism of the hierarchy structure within a group enterprise.
4.We develop a two layers model,which comprises a parent company(ie.Principle),top management and CFO of subsidiary(ie.two layers of agents),to illustrate the effectiveness of the internal control mechanism of the hierarchy structure within a group enterprise.
5.Limited company of Ningbo Hong photoelectron is located in peaceful wave free tax zone on the west area, held water in May 2002, for one Taiwan businessman solely invested company, the parent company already held water more than 20 years at Taiwan, portfolio year after year grows, rank Taiwan in 500 big companies, produces car guard against theft implement product marketing pervades Europe, beautiful, bay each continent, it is the car electron guard against theft with the greatest whole world implement supplier, the tone with enterprise firm interior accuses canal and technology of advanced research and development to get the good public praise between the client greatly, also make we become the whole world to be able to put forward exclusively to the client " the car is used how long, guard against theft implement can use how long " permanent assuring company.
