Steering of foreign subsidiaries
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Steering of foreign subsidiaries an analysis of steering system development in six Finnish companies by Esa Stenberg

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Published by Helsinki School of Economics and Business Administration in Helsinki .
Written in English



  • Finland


  • International business enterprises -- Finland -- Management.,
  • Foreign subsidiaries -- Finland -- Management.

Book details:

Edition Notes

StatementEsa Stenberg.
SeriesActa Academiae Oeconomicae Helsingiensis., 82
LC ClassificationsHD62.4 .S74 1992
The Physical Object
Pagination234 p. :
Number of Pages234
ID Numbers
Open LibraryOL1484475M
ISBN 109517021062
LC Control Number93153235

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A subsidiary is an incorporated enterprise in which the foreign investor controls directly or indirectly (through another subsidiary) more than 50% of the shareholders’ voting power. An associate is an enterprise where the direct investor and its subsidiaries control between 10% and .   Companies (Registration of Foreign Companies) Rules, sets out the detailed layman for incorporation of foreign companies or wholly owned subsidiaries (WOS) in India. It is very essential for Board of directors and members of such foreign companies to get aware of Indian laws well versed before setting up such foreign company.   Company Subsidiary A has made false entries in its books and records which are then consolidated and reported by Company Parent in its consolidated financial statements. Company Parent is also liable under the internal controls provision for failing to devise internal controls across the organization to detect and prevent the improper payments. Recent cases exhibit the U.S. government's increasing willingness to pursue foreign subsidiaries. [23] Broadly speaking, parent corporations have potential exposure for the actions of their subsidiaries to the extent that the parent controls in any way the operations of the subsidiary.

domestic & foreign • 1 Company can be a subsidiary of 2 holding companies at the same time – in such cases, both parents to consolidate the same subsidiary. Mukund M Chitale & Co. AS 21 – Consolidated Financial Statements. Today, Multinational Corporations (MNCs) spread their value chains across the globe and foreign subsidiaries play a crucial role in creating value within and for the MNC. While some MNCs are aware of their subsidiaries’ performance, others only have a vague idea. Research findings in this area are. foreign subsidiaries formed, in the home-electronics. industry and in the automobile industry. Of the origi-nal cases, cases were wholly owned subsidiaries. Foreign currency translation is the accounting method in which an international business translates the results of its foreign subsidiaries into domestic currency terms so that they can be recorded in the books of account. The foreign entities owned by your business keep .