Sharing their insights on this topic will be George Geh, Managing Director at AlixPartners, Jay Hoenig, Senior Advisor and former CEO Asia Pacific at East West Associates, and Lesli Ligorner, Partner at Morgan Lewis Consulting.
As Chinese growth slows amidst weak global recovery, business restructuring, downsizing or even closures for multinational companies in China is often a necessity. Many business aspects must be considered during this planning, and real-time problem solving is a must to maximize the financial potential while minimizing the downside risk.
Over the last 15-20 years, foreign companies have been pushed by their boards and pulled by large OEM's to capitalize on the massive and growing China market. Despite these challenges, profitability has generally been strong. Today however, the environment is changing due to increased competition and labor costs, as well as sluggish local and global markets, government regulations, localizing suppliers, etc.
This event will cover a range of issues regarding corporate transformations, including:
- How to reassess your business models to adapt to the changing business environment, including local leadership, organizational structures, sales and marketing strategies, product quality and simplification, production cost controls, etc.
- How to minimize the legal risks involved with restructuring and right sizing
- Understanding the legal aspects of liquidation and the risks involved from an employment perspective