Parent Company Roles

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

• Business operations
• 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.