SCIAN 55—Managementt and administration of business or corporate groups

Where 55 sits

1. 55 Managementt and administration of business or corporate groups

Contains 1 narrower code

• 551 Managementt and administration of business or corporate groups

Description

This sector comprises economic units primarily dedicated to managing and controlling other economic units within the same group. A defining characteristic of these units is that all corporate activities are focused on serving the economic units the group manages; that is, they are not provided to third parties. This sector also includes holding companies, which are economic units that own shares in other companies within the same group as part of a financial planning strategy, and holding companies that, in addition to holding the share capital of other economic units within the same group, manage and control them. The income of the economic units classified in this sector comes primarily from three sources: corporate fees, as consideration for the package of services provided to the economic units within the same group; dividends and interest, resulting from their financial or stock market activities; and royalties collected when establishing licensing agreements. The economic units classified in this sector can be identified as corporations, business groups, conglomerates, holding companies, and holding companies.holdings. Business groups or corporations are not those units that advertise themselves as corporations or some similar name, but that provide services to economic units external to the group; nor are those that are mainly dedicated to providing services that are not of management or control of other economic units of the same group (operational activities, for example).

Cross-references for 55

• Establishments primarily engaged in providing third parties with investment advisory services in the stock market (52, Financial and insurance services); law firm services; accounting services; management consulting services (54, Professional, scientific and technical services), and a variety of administrative services for the day-to-day management of businesses, such as financial, logistics, human resources, and production management (56, Business support services and waste management, and remediation services).

55 in other systems