Governance Intelligence’s ‘Entity Management: Keeping the corporate structure efficient and safe’ presents the findings from exclusive research delivering actionable insights into, among other things, which team is responsible for entity management, how much and in what areas companies use outside advisers/service providers, changes in the resources deployed to entity management and the use of technology – including AI – and priorities for entity management work.
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The findings in this report are based on an online survey conducted among governance professionals such as general counsel, corporate secretaries and their teams between September 2023 and January 2024.
Key findings
- Looking back over the past three years, 29 percent of respondents say there has been a slight or large increase in the frequency with which their board discusses entity management.
- Twenty-nine percent of respondents report that the size of their entity management team has increased over the last 12 months, while 18 percent say it has decreased.
- Globally, 44 percent of respondents say their company has increased its use of technology for entity management over the last 12 months, with only 3 percent reporting a decline.
- Almost one quarter (24 percent) of respondents say their company’s in-house legal/governance function plans to start using AI over the coming year.
- Overall, Europe (22 percent) is named most frequently as the region that is the most difficult and/or expensive to conduct entity management in.
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