Case study · Entity management · Corporate health check
Corporate health check for a US EPC company
AT A GLANCE
Our client: A global engineering, procurement and construction (EPC) company headquartered in North America
.01 PORTFOLIO
- 27 entities across 21 international jurisdictions
.02 SERVICES
- Corporate health check
- Audit report
- Costed remediation plan
.03 RESULTS
- 100% of entities compliant after the review
- 85% less in-house corporate secretarial work
How a North America-based EPC company brought every entity in LATAM, EMEA and APAC back into compliance
The company had grown faster than its entity management. Kalexius reviewed every entity outside North America, reported the risks to the group and its officers, and set out a costed plan to fix them. After the review, every entity was compliant.
THE SITUATION
The company is a global leader in engineering, procurement and construction. Over several years it had grown organically, opening entities across Latin America, Europe, the Middle East, Africa and Asia-Pacific as projects required.
Its entity management had not kept up. The in-house team had dozens of entities with little or no information on file, and others where no annual maintenance had been done for years. Nobody could say with confidence which entities were in good standing, who their directors were, or what was overdue.
WHAT WE DID
- A senior team of lawyers in every region. We assigned senior lawyers from across our offices to carry out the review in each of the company’s jurisdictions.
- A review of every entity. The team checked the legal and compliance status of each entity and listed the issues it found, entity by entity.
- An audit report of more than 200 pages. The report set out the findings for every entity and highlighted the significant risks to the group and to its officers.
- A costed remediation plan. For each gap, we set out what needed to be done and what it would cost, so the company could plan and budget the work.
RESULTS
- Every entity compliant. After remediation, 100% of the company’s entities in LATAM, EMEA and APAC were compliant.
- Full visibility. The company now knows the status and governance of every entity outside North America.
- Lower risk. Corporate and regulatory risks were reduced across all the jurisdictions reviewed.
- 85% less in-house corporate secretarial work. The in-house team moved from fixing past problems to higher-value work such as M&A.
Not sure what state your entities are in? Find out.
We review every entity, report what we find and give you a costed plan to fix it.