Managing your subsidiaries and affiliates requires establishing your group's governance processes as well as legal, financial and administrative monitoring.
Managing subsidiaries and affiliates consists in supervising and managing the actions, activities and performances of companies that are part of the same organization or that are affiliated with an organization or group. This includes managing cash flow, financial relationships, contracts and assets, operations, and risks. Good management of subsidiaries and affiliates is important to ensure that the activities of the various subsidiaries are well integrated into the entire group and that they benefit from good coordination and communication.
Lawyers specialized in corporate law carry out missions that fall within the scope of Corporate Legal Governance.
They combine the dual responsibility of managers of the organization's legal entities but also that of strategic partner of the general management or the executive committee in mergers and acquisitions — restructuring operations.
Within a legal department, company management represents nearly a quarter of the business and constitutes a strategic challenge in the control of legal and financial risks for the entire group.
Keystone of the “life” of a company, from its creation to its liquidation, corporate lawyers are confronted with both current and complex problems in the context of exceptional transactions.
Indeed, in the age of market globalization and increasing economic and commercial activities, many companies tend to restructure in order to increase their presence both nationally and internationally. The governance and information control of the various subsidiaries and affiliates of the group therefore become complex and essential.
