Oversight for entities operating in multiple national jurisdictions is one of the most difficult challenges boards and senior officers will face. The logistical and communication hurdles of headquarters and management in one country and far-flung operations around the world. Language and cultural differences. Political instability in many cases. Insecurity and the potential for terrorism in other cases. The shadow of corruption and bribery.
Yes, making money responsibly and with suitable risk exposure in emerging markets is not an easy task. As Dorothy said to Toto “We are not in Kansas anymore”. Indeed.
The personnel at Issues Central, Inc. are experts in the challenges of operating in Emerging Markets not only because of hundreds of customers operating in those markets but because of our own operations and experience with legal entities operating in these markets.
Our briefings, consulting and supporting services, applied workshops and optional software solutions cover areas such as:
- Assessment and Validation Services for Financial and Internal Controls – NI 52-109 and SOX 404
- Risk Management and Due Diligence Services – Assessing Risk
- Briefings and Workshops – Preparing for Emerging Market Operations and Challenges – Executive Briefings plus a unique, applied 5 Day Workshop/Boot Camp for Emerging Market Readiness.
- IFRS Conversion Services and Financial Reporting – Many subsidiaries operating in emerging markets are making the move to IFRS as national accounting standards move from local GAAP to IFRS. Our team can help.
- Anti-Bribery and Anti-Corruption Legislation – Review of legislation aimed at curbing Bribery and Corruption including in Canada the Corruption of Foreign Public Officials Act (COFPOA) and in the U.S. the Foreign Corrupt Practices Act (FCPA); and in the U.K. the Bribery Act of 2010.”.