State-owned companies
Where government-owned company hierarchies stop, with visual examples
A state-owned company's top parent can be a national, state or provincial, or local government. It does not automatically roll up to the national government.
Public ownership rules
Companies: follow more than 50% ownership or evidenced voting or governance control. The owner can be a holding company, sovereign wealth fund, named ministry shareholder, or government. Minority investment without control does not qualify.
Public bodies: follow supported organizational relationships, such as agency status or an express legal power of direction. Funding, regulation, or general oversight alone does not establish a parent.
Government roots: national, state or provincial, and local governments each stand independently. Geographic containment does not create a parent relationship between them.
The chain can also stop at a holding company, fund, or independent statutory body if no parent above it is established.
Examples
Fictional examples assuming verified relationships. Arrows run from parent to child; sage marks the top parent.
See Parent relationships for field definitions and Entity categories for company versus government classification.
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