Company A, which owns 40% of Company Y, has the power given by contractual agreement with other
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Company A, which owns 40% of Company Y, has the power given by contractual agreement with other shareholders of Company Y to appoint or remove the majority of the members of the board of directors of Company Y. Is Company Y a subsidiary of Company A?
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Answer Yes Company Y would be considered a subsidiary of Company A The ability to appoint or remove ...View the full answer
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