TBD - Corporate Foreign Policy: Commercial Due Diligence of Socio-Economic and Political Risk
13 March 2014
Understanding the "world at large" is essential to effective strategy. Join Peter to consider the issues present in trading with developing and emerging countries.
International companies are increasingly investing in or buying from developing countries. As a result, they are having to take account of the social, political, economic, security and other developmental realities of such countries. Therefore companies are increasingly seeking to understand and manage the commercial risks and opportunities presented by the development context in the host country. This session will explore how ‘Corporate Foreign Policy’ (CFP) can be used to help companies identify and manage their impacts on the wider political, social, economic and other development issues in the countries where they operate. The central aim of the process is to identify how a company’s strategy and business plan in a given country will impact on and be affected by the development context of that country. What risks and opportunities does this interaction present and how can these be best managed? As a matter of routine, companies will undertake legal due diligence in relation to potential partners in developing countries and financial due diligence on prospective projects and investments. What they do not do however, is any form of systematic due diligence on the wider socio-economic context in the host country. This session will show you how, and in so doing be able better to manage the commercial and operational risks associated with social, political and other factors in host countries.