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55 Management of Companies and Enterprises

 55 Management of Companies and Enterprises

The Sector as a Whole

The Management of Companies and Enterprises sector comprises (1) establishments that hold the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing management decisions or (2) establishments (except government establishments) that administer, oversee, and manage establishments of the company or enterprise and that normally undertake the strategic or organizational planning and decisionmaking role of the company or enterprise. Establishments that administer, oversee, and manage may hold the securities of the company or enterprise.

Establishments in this sector perform essential activities that are often undertaken, in-house, by establishments in many sectors of the economy. By consolidating the performance of these activities of the enterprise at one establishment, economies of scale are achieved.

Government establishments primarily engaged in administering, overseeing, and managing governmental programs are classified in Sector 92, Public Administration. Establishments primarily engaged in providing a range of day-to-day office administrative services, such as financial planning, billing and recordkeeping, personnel, and physical distribution and logistics are classified in Industry 56111, Office Administrative Services.

551 Management of Companies and Enterprises

 551 Management of Companies and Enterprises

Industries in the Management of Companies and Enterprises subsector include three main types of establishments: (1) those that hold the securities of (or other equity interests in) companies and enterprises; (2) those (except government establishments) that administer, oversee, and manage other establishments of the company or enterprise but do not hold the securities of these establishments; and (3) those that both administer, oversee, and manage other establishments of the company or enterprise and hold the securities of (or other equity interests in) these establishments. Those establishments that administer, oversee, and manage normally undertake the strategic or organizational planning and decisionmaking role of the company or enterprise.

 5511 Management of Companies and Enterprises

 55111 Management of Companies and Enterprises

This industry comprises (1) establishments primarily engaged in holding the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing the management decisions or (2) establishments (except government establishments) that administer, oversee, and manage other establishments of the company or enterprise and that normally undertake the strategic or organizational planning and decisionmaking role of the company or enterprise. Establishments that administer, oversee, and manage may hold the securities of the company or enterprise.

Cross-References.

  • Establishments primarily engaged in holding the securities of companies or enterprises and operating these entities are classified according to the business operated;
  • Establishments primarily engaged in holding the securities of depository banks and operating these entities are classified in Industry Group 5221, Depository Credit Intermediation;
  • Establishments primarily engaged in providing a single service to other establishments of the company or enterprise, such as trucking, warehousing, research and development, and data processing are classified according to the service provided; and
  • Government establishments primarily engaged in administering, overseeing, and managing governmental programs are classified in Sector 92, Public Administration.

     551111 Offices of Bank Holding Companies

    This U.S. industry comprises legal entities known as bank holding companies primarily engaged in holding the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing the management decisions of these firms. The holding companies in this industry do not administer, oversee, and manage other establishments of the company or enterprise whose securities they hold.

    Cross-References. Establishments primarily engaged in--

    No change 1997 to 2002 2002 NAICS to 1987 SIC 1997Economic Census Bridge Between 1997 NAICS and SIC
    2002
    NAICS
    1997
    NAICS
    1987
    SIC
    Corresponding Index Entries
    5511115511116712Bank holding companies (except managing)
    5511115511116712Holding companies, bank (except managing)


     551112 Offices of Other Holding Companies

    This U.S. industry comprises legal entities known as holding companies (except bank holding) primarily engaged in holding the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing the management decisions of these firms. The holding companies in this industry do not administer, oversee, and manage other establishments of the company or enterprise whose securities they hold.

    Cross-References. Establishments primarily engaged in--

    No change 1997 to 2002 2002 NAICS to 1987 SIC 1997Economic Census Bridge Between 1997 NAICS and SIC
    2002
    NAICS
    1997
    NAICS
    1987
    SIC
    Corresponding Index Entries
    5511125511126719Agreement corporation (except international trade financing)
    5511125511126719Financial holding companies
    5511125511126719Holding companies (except bank, managing)
    5511125511126719Insurance holding companies
    5511125511126719Nonbank holding companies (except managing)
    5511125511126719Personal holding companies
    5511125511126719Public utility holding companies


     551114 Corporate, Subsidiary, and Regional Managing Offices

    This U.S. industry comprises establishments (except government establishments) primarily engaged in administering, overseeing, and managing other establishments of the company or enterprise. These establishments normally undertake the strategic or organizational planning and decisionmaking role of the company or enterprise. Establishments in this industry may hold the securities of the company or enterprise.

    Cross-References.

  • Government establishments primarily engaged in administering, overseeing, and managing governmental programs are classified in Sector 92, Public Administration;
  • Legal entities known as bank holding companies that do not administer, oversee, and manage other establishments of the companies or enterprises whose securities they hold are classified in U.S. Industry 551111, Offices of Bank Holding Companies; and
  • Legal entities known as holding companies(except bank holding) that do not administer, oversee, and manage other establishments of the companies or enterprises whose securities they hold are classified in U.S. Industry 551112, Offices of Other Holding Companies.
  • No change 1997 to 2002 2002 NAICS to 1987 SIC 1997Economic Census Bridge Between 1997 NAICS and SIC
    2002
    NAICS
    1997
    NAICS
    1987
    SIC
    Corresponding Index Entries
    551114551114 Centralized administrative offices
    551114551114 Corporate offices
    551114551114 District and regional offices
    551114551114 Head offices
    551114551114 Holding companies that manage
    551114551114 Subsidiary management offices