Global governance is a nebulous term that means different things to different organizations. For many companies, it is a term that suggests bureaucracy, legislative compliance and risk mitigation. However, for companies that have adopted a more progressive approach, governance is viewed positively, as a way to add strategic value to both the corporate headquarters and subsidiaries around the world. This includes impacting the top strategic imperatives for most employers: the attraction, retention and motivation of their global workforce.
This article focuses on the global governance of benefit and compensation plans, showing how strategically thinking HR professionals at leading-edge multinationals have taken governance from a defensive “risk mitigation” position to a much higher level and built a process that ties a company’s operations together in a collaborative manner. We show where and how to start governance discussions, suggest a common language, provide a best-practice governance model, and give direction and guidance for implementing and running a global governance model that a multinational can adopt.
See full Article, in PDF format.
Posts
