The saying goes… “Nothing is certain but death and taxes”. Now we can add corporate governance and compliance to the list and no doubt there will be more to come as corporate entities are placed under pressure to comply with regulatory requirements.
For an international organization with entities spread across 52 US states and the globe this can be a real challenge and a bit of a pain. The key to making it painless are 2 easy steps away:
1. Embrace technology – implement a very simple solution which allows you to monitor and manage your regulatory compliance e.g. something as simple as an alert system / entity event calendar tool; AND
2. Partner with a team of trained professionals who understands the regulatory requirements to manage your entity event calendar, process and file the annual returns as they become due, allowing you to retain your “good standing” status and relieving you of this cumbersome burden.
Exigent recently launched this service with a large international insurance company. Literally 2 weeks from concept/idea to delivery. Our team now performs all aspects of the compliance and governance requirements, making life a little bit easier for the in-house legal team!
Written by Clare Smith, Associate Director (Canada) of Exigent Group Limited.
