As the workforce of global companies s continues to grow, companies have become especially aware of the importance of defining corporate policies and practices. In addition, cultural factors unique to different regions of the world as well as increased government scrutiny and regulations are challenging multinationals to implement institutional safeguards and, pay closer attention to their governance. But even apart from the external pressures bearing down on them, companies are addressing governance for other important reasons: to achieve best practices and the financial and other rewards that come from having healthy internal processes. Governance processes are also needed for global benefits. This part of the guide will help global employers design these processes. It includes a checklist to help companies develop a governance structure, as well as documents to guide them as they consider their overall philosophy, organizational structures and communication strategies. Key learnings emerge from interviews with companies that have developed best practices and a sound governance policy.
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