Multinational organisations are seeking to expand their footprint by investing in countries around the world. But conducting business across geographic and political boundaries presents unique challenges, requiring a thorough understanding of region-specific customs, nuances, and regulations.
In a constantly evolving risk environment, it is critical that companies with a global footprint align both their operations and insurance programmes to local norms and requirements. And as regulations change and become more vigorously applied, compliance is pivotal in all decisions that multinational companies make. Further, creating benefit plans that align with country requirements and with local employees’ expectations is integral to attracting and retaining the right local talent.
In this episode of Risk in Context, Diana Accordi, Marsh’s European Multinational Advisory Practice Leader, speaks with Rory MacLeay, International Leader of Marsh Multinational Practice, about the specific challenges that multinational organisations should be aware of as they expand their operations to new regions. Multinational colleagues from across the globe — Nitesh Ray, Head of Multinational for India; Bharat Kansal, Multinational Leader for the United Arab Emirates; Lannie Chen, Multinational Coordinator for China; Priscilla Rosa, Multinational Country Leader for Brazil; and Junko Ikeda, Managing Director and Team Leader of Marsh Japan’s Multinational Client Division — will share country- and region-specific issues that global companies should consider as they seek to invest in new countries.