Global Vision Holdings is committed to sound principles of corporate governance.
The Board is elected by the shareowners to oversee their interest in the long-term success of the business and its financial strength. The Board serves as the ultimate decision making body of the Company, except for those matters reserved to or shared with the shareowners. The Board selects and oversees the members of senior management, who are charged by the Board with conducting the business of the Company.
The Corporate Governance Guidelines, along with the Charters of the each of the Board Committees and the key practices of the Board provide the framework for corporate governance at Global Vision Holdings, Inc.
Our team is composed of 3 Managing Directors, all of which benefit from the work and counsel of numerous Venture Partners and Entrepreneurs in the investment industry.
Global Vision Holdings acquires ownership positions in various companies throughout a broad range of industries. Most recently, we have acquired Mammas Best, an organic foods company with products now being sold at Whole Foods, Sprouts and other regional, natural grocers.
We vigorously investigate each candidate company and decide the appropriate next step. Those steps could include helping the company get funding, providing certain consulting services or notifying the company that they do not meet our qualifications for services. Our expertise and proven leadership assists companies in accelerating growth and building long-term enterprise value. We are committed to providing world-class service levels that are second to none. We are not satisfied unless we exceed our clients’ expectations with solutions that empower them to succeed.
We have the vast depth of knowledge and breadth of capabilities to build the more dynamic, diverse portfolios these times require.
A holding company is a corporation that is organized for the purpose of owning ownership interest (or stock) in other corporations. A company may become a holding company by acquiring enough voting stock in another company to exercise control of its operations, or by forming a new corporation and retaining all or part of the new corporation’s stock. While owning more than 50 percent of the voting stock of another company ensures control, in many cases it is possible to exercise control of another company by owning as little as ten percent of its stock.
Holding companies and the companies they control have a parent-subsidiary relationship. When a holding company owns a controlling interest in another company, the holding company is called the parent company and the controlled company is called the subsidiary. If the parent owns all of the voting stock of another company, that company is said to be a wholly-owned subsidiary of the parent company.
Holding companies and their subsidiaries can establish pyramids, whereby one subsidiary owns a controlling interest in another company, thus becoming its parent company. While three to five levels are common in corporate pyramid structures, as many as 60 levels have been known to exist in practice.
There are many advantages to establishing a holding company. From a financial point of view, it is usually possible to obtain control of another company with less investment than would be required in a merger or consolidation. A holding company only needs a controlling interest in the acquired company, not complete interest as in the case of a merger or consolidation. Consequently, it is possible to obtain control over large properties with less investment than would otherwise be required in a merger or consolidation.
Another advantage is that shares of stock in the subsidiary company are held as assets on the books of the parent company and can be used as collateral for additional debt financing. In addition, one company can acquire stock in another company without approval of its stockholders; mergers and consolidations typically require stockholder approval. Holding companies and their subsidiaries are considered separate legal entities, so that the assets of the parent company and the individual subsidiaries are protected against creditors’ claims against one of the subsidiaries. However, holding companies and their subsidiaries may be considered a single economic entity, and consolidated financial statements are then prepared for the entire structure.