Director FAQs and Essentials

Subsidiary Governance

By NACD Staff


Financial Oversight Governance

In brief: Every incorporated entity must have a board of directors. However, when the entity is a subsidiary of a parent company with a board, the subsidiary may either have its own board or be governed by the parent board. This installment of NACD's Director FAQ series explores three common scenarios for subsidiary governance and highlights each scenario's key legal issues.


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