More often than not, expanding your investment portfolio across borders means having to have an entity in the same country as your investment. This can lead to all kinds of headaches for fund managers, with one of the biggest being providing substance by sourcing experienced and knowledgeable local directors. And, with global regulation only increasing, your stakeholders require stricter governance of entities and demand highly experienced independent directors.
You need the Boards of your global entities to have access to local expertise about the new country; how the business fabric operates, how local authorities operate, how to keep on top of evolving rules and regulations, and to advise you on local best practice.
And finding competent, knowledgeable, and trustworthy independent local directors can be a challenge.