11 Things to Know When Your Subsidiary Manager Leaves

This scenario is playing out more often than you think. The person – let’s call her Sally – who has managed your subsidiaries for 30 years retires. And you’re left with a system that’s an Excel spreadsheet that worked just fine for Sally with all her hard-earned institutional knowledge. But it’s not a tenable system for a modern age.

The records are a mess – or will be soon. You need a new system. One alternative is to hire a commercial provider. What does that entail? What should you be asking?

When it comes to hiring an entity management provider – a subsidiary management partner – your choices are pretty limited if you want a full-blown system. The big three are CT Corporation’s hCue, Diligent’s Entities (formerly known as Blueprint) and Computershare’s Gems. There are other providers who offer systems – but not on the global scale as these three.

You’re caught off-guard because Sally has taken her well-earned retirement. So off-guard that you might not even know what questions you should ask. To determine how big an engagement this might be when you hire an entity management provider, there are 11 questions to consider that are discussed in this video.

For many more Vid-Guides dealing with corporate & securities law, corporate governance, E&S issues and more – particularly if you want to review any Vid-Guides referred to during this Vid-Guide – see the list of Vid-Guides spread throughout these categories:

• Corporate Governance
• Proxy Season
• Executive Pay
• ’34 Act/Other
• ’33 Act/Deals
• Sustainability/E&S
• Career Advice
• Fun Party

And since all the content on ZippyPoint.com is complimentary, please “Pay-What-You-Can” to help keep this fine platform alive & well…