Originally Posted by
gordonfvckingramsay
Will this legislation put an end to the practice of growing another entity next to, say SH, and then (not) transferring business to that entity? Does this mean the wholly owned subsidiaries that already exist are the only non mainline entities from now on? Interesting legislation and it will be interesting to see how management ooze through the cracks to undermine it.
As it is reported it will encourage exactly that.