Typically for an investment, a company will take care of the so-called company register. Usually, it is the legal department of a company that is responsible for keeping its subsidiary and other company information up-to-date.
Corporations are living entities and typically there are continuous group structure changes, as well as those commonly occurring in M&A activities. The Company Register is a place where this information is collected and stored. This might include, for example, essential information about:
- Ownership structures
- The responsible key employees
- Board member line-up and
- Procuration holders
- Other power positions
The key here is that this information must be easily available to the entire organization, anytime and anywhere.
Picture: Ownerhip Structure
Some common uses of a Company Register are:
- When a manager/director leaves
a company or changes position, it is crucial to quickly see which other companies
this person has a position with.
- Who are the procuration
- Information about a specific
company or its subsidiaries.
- What are the ownership structures
of a certain company?
- A place for other official
What are the benefits of the Company Register?
Your legal professionals can save lots of their precious work time and at the same time, they can offer a better and faster internal service with the help of ContractZen. No more piling up of requests as people can find the company information easily by themselves.
With the help of ContractZen, the internal services your legal department delivers can be better organized and more effectively produced.