Many companies operating globally have a small corporate secretarial function to deal with a large number of legal entities around the world.
Whilst the principle of maintaining legal entities may seem simple, the process can vary significantly across emerging markets. Considerable fines and reputational damage are the likely fall out if entities are found to be non-compliant, or even worse, if illegality is discovered. Companies face four major hurdles:
- Extreme diversity
- Lack of digitization
- Responsiveness issues
- Reputational risks
This White Paper sets out the key issues companies routinely face when managing entities across several continents, along with a case study focusing on Sub-Saharan Africa.