Holding companies a powerful force in the economy

Holding companies a powerful force in the economy
     

9/4/2014 0:00 
Orientations for coalitions capabilities high financial 
BAGHDAD - Hussein al-Tamimi Tgb 
demanded an economist and the Ministry of Commerce to go to pass a law holding companies to create a legal form of coalition and alliances between local companies to form economic blocs capable of rebuilding the country and achieve economic development during the next phase. 
said competent economic affairs Eng Turki Ali Saleh, said that the national companies in most countries in the developed world technically and economically led their own economic process and the process of construction and development Hnak.aljhd local and stressed during his speech for the "morning" that rely on local voltage is important in the process of construction and reconstruction, which was sought by the country in various sectors of the economy, as it requires such These companies, pointing to the importance that initiate private Iraqi companies and state-owned companies at various degrees of classification, as well as construction companies and companies mechanics, electricity, oil and gas cooperation with each other to form blocks and larger companies financially and administratively and technically to be able to keep up and compete with foreign companies that entered and which want to enter the market reconstruction of Iraq.International Experiences in favor touched on international experiences in this field has achieved great success in terms stood at the experience of South Korean companies are major (Hyundai - STX - Daewoo - SK, Samsung and others), each of which works in all sectors of construction, industrial, petroleum, electronic and thanks to mergers and unions between South Korean companies different to show us an entity new working beneath these names of companies and have the form (holding companies) working on the administration and the leadership of a group of small companies and the various disciplines to form an entity large and able to implement strategic projects in most regions of the world. coalitions economic and pointed out that Iraqi companies of all sizes and functions can enter into coalitions and economic alliances in the form of holding companies enter the market reconstruction of Iraq strongly and efficiently to direct the implementation of all kinds of projects in different economic sectors. Holding Company is a company owns stakes or shares in other companies with a view to control these companies , direct and often several types including commercial companies as there are subsidiaries Here impose control of the holding companies of subsidiaries and exploitation company Altabah.ofatt that the properties of the holding companies is possessing an instrument of the concentration of power and standardization and practice on affiliates in spite of the legal autonomy enjoyed by all Holding Company, it's also a successful way to connect multiple companies together in time that can not be the achievement of the merger. advantages of the holding company and between the decentralization of the administration of the most important advantages of the holding company, a complete separation between subsidiaries of where the board of directors and inspector of accounts and the organizers of the accounts and easily disposed of the property They get rid of the plain of any subsidiary company or group of companies at once if that was desirable. shapes and types of holding companies said in favor of it on the four forms starting from the holding company net which represents the optimal shape of the Holding Company with limited activity in the management of its holdings of capital in other companies without the exercise of any commercial or industrial activity, and the other form is mixed and the Holding Company, which conducts industrial and commercial addition to being a holding company. The third type takes the form of the Holding Company family, a special kind of where there is a group of members of one family each and every one of them preside over the work of the company and the sum of these companies will be subject to the family and the establishment of this company by agreement between the family members, while the latter form is represented Holding Company aggregate which is Company combines the energies of these companies and organized in the fields of economic convergent. 

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