Many industrial products companies are diverse businesses, with multiple divisions operating in a number of different countries and regions. These businesses often have a wide-ranging, complicated structure of legal entities supporting them. Board members and stakeholders are often surprised by the extent and complexity of such structures, which may in some cases be counter to the strategic intent of the organisation. In this paper we share our views on reducing the legal entity footprint and achieving sustainable cost reductions and efficiency gains through a closer alignment between a simplified management model and simplified legal structures.
PwC offers industry tailored services in Corporate Simplification. We can provide assurance, advisory and tax services related to simplifying statutory reporting processes, operating/management models, legal entity structures, and business models for tax optimization.