On the board’s agenda | October 2016 has been saved
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On the board’s agenda | October 2016
Governance in a multidimensional environment
As organizations expand their operations, many do so by creating or acquiring legal entities to operate in new markets or different jurisdictions, to protect the parent organization against certain risks, and to facilitate the way it manages its local and global operations. Traditionally, the governance of these subsidiaries was not given a lot of attention, and as a result many of their governance practices evolved organically. Entities that are organized by division or region may have also found that the governance practices of the parent and subsidiaries operate in silos, with little consideration being given to the entire
extended organization.
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