Managing legal entities in emerging markets – 2023 update
Many companies operating globally have a small corporate secretarial function to deal with a large number of legal entities around the world.
- Pauline Zimmermann
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
The case study in this White Paper highlights some typical issues that are to be faced when managing legal entities in emerging markets.
