Businesses in this category oversee the affairs of holding companies, which own shares or other interests in subsidiary businesses and may coordinate their activities. Management can include setting group policies and objectives, monitoring performance, approving budgets and investment plans, and reporting to directors or shareholders. Some holding companies provide strategic direction and central services to their subsidiaries, while others mainly manage ownership interests and governance. Typical services include company administration, preparing management accounts and consolidated financial information, coordinating audits and tax advice, maintaining board records, and supporting compliance with company law and reporting requirements. Group management may also cover treasury, risk management, acquisitions, disposals and allocation of resources between subsidiaries.