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Managing Subsidiaries: A Balancing Act

Director Factsheets

This Director Factsheet is courtesy of McCann FitzGerald

Effective management of subsidiaries can be a challenge for corporate groups. A balance must be struck between control of a subsidiary (essential for risk management and compliance) and the autonomy that it needs to operate as an independent legal entity. This briefing looks at some risk areas for directors and parent companies where too much control is exercised over a subsidiary and at some practical steps to achieve a balance.