The term 'corporate owner' can be defined as the PARENT company or PARENT of a corporation. A PARENT company is a company that owns enough voting stock in another firm to control management and operation decisions. The term 'PARENT' is a 6 letter word, while 'parentcompany' is a 13 letter word. The PARENT company is the ultimate owner of the corporation, and has the power to make decisions that affect the entire organization.