Entity Governance and Compliance Services - PwC · PDF fileEntity Governance and Compliance Services ... managing legal entity ... Each member firm is a separate legal entity

Entity Governance& Compliance

Entity Governance andCompliance Services

www.pwc.com.au/legal

their operational and business strategy• Complex corporate and tax legislation imposing

additional statutory duties and obligations on

Enti tyMan

agement

Transactions

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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

T:[email protected]

Andrew WheelerPartner

T:[email protected]

Paul SartoriPerth Director

T:[email protected]

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

T:[email protected]

Carrie DulaniMelbourne Senior Manager

T:[email protected]