The parent mentioned Parent Company. Many people, including non-native speakers, may be unfamiliar with this word. Here is the definition^{(In beta, be kind):}

A parent company is a company that owns enough voting stock in another firm to control management and operation by doing and influencing or electing its board of directors. The second company is deemed a subsidiary of the parent company. [View More]

^{See also: Voting Stock | Holding Company | Subsidiary | Parent | Board Of Directors | Insure}

^{Note: The parent (skrrrrrrrrrt) can delete this post | FAQ}