What is corporate group owner in SAP SAP-LEGAL - Global Field Legal?

SAP Term: corporate group owner

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: A Single Legal Entity that is the Holding Company of each of the other entities of the Corporate Group.

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• Key Concepts: 
  A corporate group owner is a legal entity that owns and controls a group of companies. It is responsible for the overall management of the group, including the financial, legal, and operational aspects. The corporate group owner is typically the parent company of the group. In SAP-LEGAL Global Field Legal, the corporate group owner is used to identify the legal entity that owns and controls a group of companies. 
  
  How to use it: 
  In SAP-LEGAL Global Field Legal, the corporate group owner is used to identify the legal entity that owns and controls a group of companies. This information is used to ensure compliance with applicable laws and regulations. The corporate group owner can be identified by entering the name of the parent company in the “Corporate Group Owner” field. 
  
  Tips & Tricks: 
  When entering the name of the parent company in the “Corporate Group Owner” field, make sure to enter it exactly as it appears on official documents. This will ensure that all relevant information is accurately captured and stored in SAP-LEGAL Global Field Legal. 
  
  Related Information: 
  The corporate group owner is an important concept in corporate law and is used to identify the legal entity that owns and controls a group of companies. For more information on corporate law, please refer to your local jurisdiction’s laws and regulations.