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Multinational Pension Governance
Due to a recognized need for improved global governance, an increased focus on managing the financial and legal risks associated with benefit plans internationally and a desire to standardize accounting across borders, many multinational companies are looking for better ways to oversee and manage their retirement plans worldwide. But profoundly different cultures, investment practices and capital markets naturally complicate matters. In addition, various regulatory environments and a lack of consistent tax treatment present additional barriers to the global governance of pension arrangements.
Watson Wyatt conducted its most recent study on multinational pension governance to answer questions such as:
- What types of approaches are companies using to govern their global retirement programs?
- Who is making the investment and funding decisions in these types of plans?
- What is the extent of involvement by the corporate headquarters relative to local management in both the strategy and the execution of multinational pension plans?
On June 5, Watson Wyatt hosted a Web conference, “Multinational Pension Governance,” to discuss the multinational study and to help employers gain a better understanding of how other companies are governing their global pension plans.
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