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The parent company fulfills public company requirements and plays a significant role with subsidiaries through two key functions:

Oversight

  • Ensure subsidiary management excellence
  • Enhance strategies for sustainable competitive advantage
  • Reinforce process of constructive change
  • Ensure development of appropriate programs
  • Monitor disciplined execution
  • Ensure achievement of financial targets
  • Provide internal audit and controls
  • Oversee NACCO's investment in subsidiary companies

Consulting

  • Strategy
  • Acquisition and divestiture
  • Financial, tax and accounting
  • Legal and compensation

Parent company oversight and consulting roles are reinforced by a stringent corporate governance program, as outlined in the Corporate Governance section.

 

Disclaimer

The summary data (including definitions) presented is provided by Q4's partner Virtua a supplier of financial information to the financial community. NACCO Industries, Inc. neither represents nor warrants that the data accumulated and published by Virtua is accurate.

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