In the management of highly complex systems, very often the greatest threat is posed by humans. It is true for cyber security and it is also true for subsidiary governance.

2018 has proven a busy year for regulators and corporate compliance teams alike, providing an opportune moment for us to send out our Citco GSGS Newsletter.

One of the most persistent narratives since the global financial crisis has been the sheer volume of new regulation introduced across the globe. For example, there was a 492% increase in global regulatory requirements between 2008 and 2015, according to one estimate.

In the last decade, subsidiary governance has emerged as its own discipline. Having a systematic approach to the management of international entities will not only result in transparency, control and consistency across jurisdictions it also protects the directors and avoids monetary or criminal penalties and ultimately safeguards shareholders value.