Case Study: Global Director and signatory change (Global Entity Management)

Background

We received a call just before a market announcement was made that the Group CFO of a client has resigned and would be leaving the business at short notice. Consequently, he would need to be removed as Director and signatory of all subsidiaries which span across EMEA, APAC and the Americas.

The Challenge

This is a large business with a global footprint and access to the individual was limited. Significant work was needed under tight timescale to ensure the changes were implemented swiftly without interrupting day-to-day business operations.

How LawDeb delivered solutions and value

Given the longstanding relationship, we have in depth understanding of the client's business and the stakeholders that needed to be involved in this project. As the trusted advisor, we discussed with the client the timeline that we needed to effect all changes and any priorities or red flags. 

After reviewing the client's latest corporate structure and requirements, it was identified that we would need to complete 60 sets of concurrent changes, globally. 

Given our understanding of the client's structure, we recommended an approach that would ensure all changes will be effected within the required timeframe with no interruption to the business.

Given the volume of documents that needed to be reviewed and circulated for signatures as part of the project, we adapted our approach. This innovation saw the deployment of our file transfer technology to ensure email exchanges are kept to minimum, without compromising on the quality and completeness of our instructions.

Outcome

All 60 instructions were completed on or before the targeted deadline, with the incoming CFO appointed in all capacities replacing the outgoing CFO. This allowed the business to continue its operations without disruption, and for it to continue to deliver value to its stakeholders.