Japan’s Ministry of Justice eliminated a longstanding law requiring foreign companies to appoint at least one resident of Japan as a representative director. This is welcome news for multinationals, but there are still substantial benefits associated with employing a local resident as a director.
Welcome back to Global Glance. This week we look at Apple begging in Brussels; swearing in the US and the UK; and a cleric's declaration that chess is the work of the devil.
In this week's Global Glance we look at how Netflix’s world domination is almost complete, VW’s mounting legal troubles and the latest Big Mac index.
In this week's Global Glance, we look at a daily fantasy sports leader expanding globally, Donald Trump and Bernie Sanders on corporate inversions, and Istanbul’s alley cats.
By Bill Thomas, Executive Vice President and Chief Operating Officer
When American businesses venture abroad, they face serious challenges: ensuring compliance, managing tax implications, and aligning their goals with the local culture. According to CFOs and senior finance executives who participated in a recent survey conducted jointly by HSP and our partner CFO Magazine, those challenges only grow when a firm’s expansion takes it into emerging markets.
By John Bostwick,Technical Writer, Higher Education and Nonprofits
By Rich de la Rosa, Director, Advisory Services, Americas