Presidency is a synonym of Administration. Management is a type of Administration. Management is part of Company. Attendance is a type of Company. 
Gray is related to White. White is related to Lie. Lap is a type of Lie. 
Presidency <--Synonym--> Administration <--IsA-- Management --PartOf--> Company <--IsA-- Attendance 
Gray <--RelatedTo--> White <--RelatedTo--> Lie <--IsA-- Lap 