entity governance and compliance services - pwc · pdf fileentity governance and compliance...
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their operational and business strategy• Complex corporate and tax legislation imposing
additional statutory duties and obligations on
Enti tyMan
agement
Transactions
•
•
•
The issues
RisksReputational, loss of assets and investment, personal liability and prosecution for directors and officers are all associated with significant governance and compliance failures.
Challenges• Greaterdemandfromregulators,stakeholdersand
investorsfortransparencyastohowdirectorsentrenchsoundcorporategovernancepracticeswithintheirbusiness.
• Limitedbackofficefunctions,domesticandoverseas,lacktheexpertisetoenforcegovernanceandundertakelocalcomplianceandtransactionalwork.
• Fitforpurpose–multinationalgroupsreviewingtheircorporatestructureincludingensuringalignmenttotheiroperationalandbusinessstrategy
• Complexcorporateandtaxlegislationimposingadditionalstatutorydutiesandobligationsondirectorsandcorporateofficers.
With greater scrutinymanaging legal entitygovernance andcompliance obligationshave moved up theboard agenda.
Increased regulatoryrisks are drivingmultinational groups topro-actively and effectively manage thelife-cycle of their legal entity structure.
their operational and business strategy• Complex corporate and tax legislation imposing
additional statutory duties and obligations on
Enti tyMan
agement
Transactions
•
•
•
Entity Creation• Advisingclientsonestablishingapresenceand
theappropriatestructure
• Incorporationofacompany
• Registrationofabranch
• Providingsupportinsettingupgovernancecontrolsandprocessesinorderforgroupentitiestooperate
• Managementofcross-borderestablishment
Governance• Consultingandadvicearound
governanceimprovements
• BoardandCommitteecharterdevelopment,designandimplementation
• Governancehealthchecks
• Implementationofsubsidiarygovernancepoliciesandprocedures
Entity Management• Boardandcommitteesupport
services
• Directorstrainingandassistanceinunderstandingtheimplicationsandimpactonthebusinessoflegislation
• Intra-groupreorganisations/transactionalsupportincludingnotificationstoASICinrespectofcorporatechanges
• Ongoingcompliancewithannualreportingobligations,annualreviewsandnotificationtoASICofcorporatechangesaswellasapplicationsforclassorderreliefEntity Dissolution
• Reviewofcorporatestructureaspartofanentityeliminationprogramme
• Deregistrationservices
• Managementofcross-bordersimplificationprojects
Meet the team
Tim BluePartner
Andrew WheelerPartner
Paul SartoriPerth Director
www.pwc.com.au/legal
©2015PricewaterhouseCoopers.Allrightsreserved.
PwCreferstotheAustralianmemberfirm,andmaysometimesrefertothePwCnetwork.
Eachmemberfirmisaseparatelegalentity.Pleaseseewww.pwc.com/structureforfurtherdetails.
PwCAustraliahelpsorganisationsandindividualscreatethevaluethey’relookingfor.We’reamemberfirmofnetworkoffirmsin157countrieswith morethan184,000peoplewhoarecommittedtodeliveringqualityinassurance,advisory,tax&legal,andprivateclientsservices.
WL127025451
Benefits include• Improvedcontrolandvisibilityoversubsidiarygovernanceandcompliance
• Reducedrisksofregulatorynon-complianceandexposuretopersonalliabilityforboardmembersofaparentcompanyanddirectorsofsubsidiaries
• Streamlinedlegalentitystructureleadingtooverallcostreduction
• In-houseresourceandtimereleasedforothervalueaddedactivitiesincorebusinessareas.
Why PwC?• Wehavedevelopedeffectivemethodologiestoensure
thatthelifecycleofanentityisproperlymanagedwhichresultsinefficienciesbeingcreatedandcostsavingsbeingachieved
• PwChasanestablishedglobalentitygovernanceandcomplianceofferingthroughthePwCglobalnetwork
• Weareabletoofferourclientsanefficientandeffectiveone-stop-shopservice
Your local contacts
Benn WoganBrisbane Director
Carrie DulaniMelbourne Senior Manager