Glossary Item

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Group

A number of companies or similar organisations that exist under the common control of a single company, organisation or natural person who is then referred to as the group parent entity or, more commonly, company.

Controlled entities are commonly referred to as subsidiary entities if they form part of a commercial group of limited liabilities entities.

By definition a government is a group entity because its activities will be structured through tiers of organisation (ministries or departments; central, state, regional, devolved and local governments; state control trading entities; a central bank; quasi-autonomous non-governmental organisations (Quangos); etc., ) all of which will ultimately be accountable to a central government.

See also subsidiary company.


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