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A state government agency is planning to reorganize its group structure. The current setup is hindering the performance of its main profit-making subsidiary. The restructuring aims to improve subsidiary performance while ensuring the Board retains effective control and the management is better incentivized.
A state government agency (“the State Agency”) was considering reorganise its group structure.
The restructuring was required as the present structure is seen to hinder the performance of its main profit-making subsidiary. Nevertheless, the Board of the State Agency must maintain effective control and at the same time, enabling the management to be incentivised more effectively.
The proposal for a new Group structure
The step-by-step procedures for restructuring the Group
Cost implication and minimisation for achieving the proposed structure
Identify and propose for the new Group structure
The step-by-step procedures with the necessary resolutions of the Board and the members.
Advisory on cost minimisation relating to the restructuring
The Group restructuring is completed with no dilution of the power of the Board of the Agency to control its subsidiaries, the management of the profit making subsidiary is better incentivised resulting in improved overall financial performance of the Agency.
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