controlling subsidiaries mission statement goals

Question

Controlling subsidiaries

• Mission statement, goals and objectives.
• Performance measurement systems e.g. financial ratios and multidimensional frameworks.
• Systems for strategic planning and control e.g. reporting lines, internal audit, exception reporting systems.
• Management appraisal process.
• Reward e.g. bonuses tied to achieving objectives.
• Culture e.g. recruitment, training and development of strong corporate culture.