Risky business or land of opportunity?
Managing risk and compliance matters is vital to ensure an overseas expansion does not impact the wider group and create reputational risk issues.
28 November, 2017
Taking your privately-owned business into new countries is exciting. Alongside all the hard work, there is an undeniable sense of achievement and feeling of satisfaction at becoming more international.
But inevitably, an overseas presence brings greater responsibilities and obligations for owner-managers and the senior leadership team. As the level of risk ramps up, you need to strengthen governance. The buck stops at the top and, hard as it may sound, you must be all-seeing and all-knowing.
Private businesses with aspirations to expand into different territories must think carefully about how they structure their operations.