Effectively managing subsidiaries and affiliates involves setting up strong governance processes and ensuring thorough legal,financial, and administrative oversight across the group.
Managing subsidiaries and affiliates involves overseeing the actions, activities, and performance of companies that are part of, or affiliated with, a larger organization or group. This includes managing cash flow, financial relationships, contracts, assets, operations, and risks. Effective management is crucial to ensure that the activities of various subsidiaries are well-integrated within the entire group and that there is strong coordination and communication across all entities.
Lawyers specialized in corporate law carry out responsibilities that refer to Corporate Legal Governance.
They have the combined responsibility of managing the organization's legal entities as well as being a strategic partner of the general management or the executive committee in mergers, acquisitions and processes reorganization.
Within a legal department, corporate management represents nearly a quarter of the activity and plays a strategic role in monitoring the legal and financial risks of the entire organization.
As the keystone of a company's" lifecycle ", from its creation to its liquidation, corporate lawyers are confronted with both routine and complex issues in the framework of exceptional operations.
In fact, at a time of market globalization and increasing commercial and economic activities, many companies tend to restructure in order to increase their national and international presence. The governance and the ability to control the information of the different subsidiaries and participations become consequently complex and essential.
