According to the law, the management of a holding, like any joint-stock company, is carried out through meetings of shareholders, boards of directors and executive management. But for these structures, the main owners of securities are clearly defined, and it is they who, through the apparatus, exercise control over the entire group of companies. There are peculiarities in the implementation and distribution of the volume of management procedures among different parts of the group.
At the top level of the holding (and in all complex structures) their number can vary significantly depending on the legal capabilities and preferences of the owners of each tier. This implies that holding management is a flexible process that adapts to the requirements and features of each of its parts.
Different types of association teacher data package use different components of holding management. The minimum level of management (management components) is used in cartels: they carry out common marketing and business planning processes that are uniform for all enterprises included in the association.
Types of company assets
A higher level of holding management is in financial-industrial groups. In addition to marketing and business planning, financial management is also carried out there. In syndicates, compared to the previous structure, additional components are logistics and a holding management system common to all enterprises. In industrial and commercial groups, financial management is combined with logistics and a unified management system.
The highest level of organization is realized in concerns, where all components of management are present: economics, business planning, marketing, accounting, finance, logistics and management structures. During its existence, a holding can change the volume of management elements – from a cartel to a concern and vice versa. In complex structures, the volume of management functions often increases as you descend to the lower levels of the group of companies.
Formal procedures for holding management are defined by law. In many of them, the main shareholders of the managing parent company (MC) have the majority of votes both at shareholders' meetings and on the boards of directors, and can make all necessary decisions in the area of management.
In Russia, methods popular in the West are used to increase the management of holdings by appointing high-ranking managers to key roles. To ensure effective management, various mechanisms are used to motivate top specialists. Many companies give them a share of stock, the value of which grows with successful work, and they become partners. The method described by Richard Brayley ("Options against limousines") involves agreements on the right of managers to buy shares at a fixed price and sell them at the current market price (option). It is common to conclude "hard" contracts between the board of directors (i.e. key shareholders) and top specialists, which allows for control over their activities.
Recommended articles on this topic:
Marketing Department KPI: 11 indicators and calculation example
Sales Triggers That Have Never Failed
9 Types of Customer Loyalty Programs