Captive outsourcing models

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Captive outsourcing models"

Transcription

1 Captive utsurcing mdels India TP hygiene wrkshp Presenter: Vishnu Bagri Octber 23, Transfer Pricing Assciates Hlding B.V.

2 BACKDROP + India has evlved as a premier utsurcing hub fr IT, ITES, engineering and ther R&D activities + MNEs have typically adpted the cst-plus mark-up pricing mdel fr remunerating their captive centres in India Mark-ups ranged between 5%-10 during the 1990s and early 2000s; MNEs have increased mark-ups t 15-20% t reduce India transfer pricing risks + Transfer pricing is ne f the mst imprtant issues fr tax heads in light f the aggressive enfrcements by Indian tax authrities 8 cycles f TP audits and transfer pricing adjustments t the tune f apprx. USD 27 billin. + Captive centres have attracted cnsiderable attentin frm Indian tax authrities n accunt f alleged disparity between their functinal and risk prfile in frm vis-à-vis substance + In this presentatin, we lk at the emerging landscape fr these captive centres frm an Indian transfer pricing perspective 2

3 STATED VIEWPOINTS OF INDIAN TAX ADMINISTRATION + Scpe f intangible prperty widened 2012 : Retrspective amendment (effective ) t define intangible prperty t cver technlgy-related, marketing-related, custmer-related, cntract-related, human-capital related intangibles, lcatin-based intangibles, etc. + Captive centres are nt necessarily risk mitigated March and June 2013: Administrative circular issued t prvide parameters fr identifying risk-mitigated captive R&D centres. + Inclinatin twards Prfit split methd March and June 2013: Administrative circular encurages use f the Prfit Split Methd t benchmark transactins invlving use /transfer f intangibles; The circular was withdrawn in June Emphasises higher returns fr captive centres (particularly engaged in R&D activities); trend emphasised thrugh the safe harbur rules which are based n abve principles. 3

4 STATED VIEWPOINTS OF INDIAN TAX ADMINISTRATION + Indian tax authrities skewed twards higher returns fr captive centres fllwing views prvided in 2013 United Natins Practice Manual fr Develping Cuntries: Allcatin f rutine and lw cst-plus return fr captive centres may nt reflect ALP. Decisin making by skilled manpwer f captive centre reflects the risks are cntrlled by the captive centre in cnduct. Lcatin savings shuld be split between the participating parties. Cmparability with lcal cmparables determine nly the price f the transactin and nt allcatin f lcatin savings. Cmpensatin attributable fr transfer f intangibles in additin t the arm s length cmpensatin fr R&D activities. The captive centre creates unique intangibles, transfers legal wnership in the intangibles under agreement withut apprpriate cmpensatin. 4

5 INDIA TP MANAGEMENT: THE EMERGING DECISION VARIABLES. + Hw t demnstrate the lwer risk characterizatin f captive centres? + Have the utsurcing mdels resulted in any lcatin (dis)savings? Wh shuld benefit/absrb the same? + What intangibles are created in supply chain and what is the rle f the captive centres vis-à-vis these intangibles? Shuld the captive centres be remunerated fr any intangible related returns? + Is the current cst-plus cmpensatin technique apprpriate? Shuld alternative techniques, such as revenue share r hurly charge ut rates, be cnsidered? + Which is the mst apprpriate transfer pricing methd fr testing cmpliance with ALP apprpriate? Is there a case fr the applicatin f the Prfit Split Methd vis-à-vis the Transactinal Net Margin Methd? 5

6 THE VALUE CHAIN CONTEXT Functins Judgmental Tertiary Y3 Nn-cre supprt Cre supprt Custmer facing Cre business Primary X1 X2 X3 X4 Highest value Prfit Centre; High risks, Lcatin Savings and Intangibles Rutine Y2 Lwest value Cst Centre; minimal risk, Y1 Lcatin Savings and Intangibles Als factr: Key decisin makers; emplyee prfile Business case Stage in business cycle Alternatives t captive utsurcing 6

7 LOCATION SAVINGS + Net cst savings that an MNE realises as a result f relcatin f peratins frm a high-cst jurisdictin t a lw-cst jurisdictin. + Review f fllwing parameters t demnstrate existence / nn-existence f lcatin savings Cst-benefit / pprtunity cst analysis perfrmed prir t utsurcing Cst f capital and transitin csts assciated with utsurcing Actual benefit vis-à-vis anticipated benefit Industry / ecnmic envirnment vis-à-vis efficiency Bargaining pwer f captive centre : the value chain cntext Trend in lcatin savings ver a perid f time Independent intangible transactin vis-à-vis factr f pricing 7

8 INTANGIBLES : VALUE RELEVANCY Kind f intangibles Rutine Premium Intellectual Prperty Rights Prtected by law Cmpetitive Intangibles Generate a cmpetitive advantage but d nt have legal prtectin Easily transferable Nt a Critical Success Factr (typically value nt dependent n mechanics f adaptability) Can be easily duplicated Nt a Critical Success Factr (hwever value culd be dependent n mechanics f adaptability e.g. methdlgy t use technlgy in nn-tech savvy envirnment) Easily transferable Critical Success Factr cntrl exercised thrugh cntracts and legislatin Can be duplicated nly thrugh transitin f Human Capital Critical Success Factr Cmpetency based Relatinal based May be prtected thrugh nn-cmpete arrangements 8

9 INTANGIBLES : VALUE RELEVANCY + Need t distinguish between: Unique intangibles transfrming revenue earning ptential f the entity vis-àvis intangibles resulting in business efficiencies. Impact f efficiency related intangibles can be demnstrated thrugh prductivity increases based n management infrmatin reprts. + Need t identify the entity that makes decisins n the intangibles and bears intangibles-develpment risks. 9

10 COMPENSATION TECHNIQUES + Is a cst-plus mdel apprpriate t remunerate highly-skilled talent and services? + Des cmpensatin technique determine risk allcatin? + Wuld third party service prviders prvide similar services n a cst-plus pricing mdel? + Alternative pricing mdels Revenue share r charge-ut rates Value chain cntext influences chice f cmpensatin technique 10

11 METHOD OF TRANSFER PRICING + TNMM is a single-sided apprach and des nt thrw light n entrepreneurial margins / lsses earned by MNE grup n specific transactins. + Value chain cntext can influence chice f methd : Prfit split methd mre suitable t captive centres which are prfit centres (by perfrming custmer frnt-ending activities). TNMM still apprpriate fr nn-cre supprt functins (such as payrll supprt). + Use f a cntributin based apprach in the value chain framewrk can be a strng defense strategy 11

12 CONCLUDING REMARKS HYGIENE CHECK + India peratinal prfile review transfer pricing r/and permanent establishment risks + Dcument the value chain framewrk fr risk assessment + Perfrm a mck assessment t nt nly test mdel and dcumentatin but als spread transfer pricing awareness with decisin makers. + Review plicy and aim alignment with business dynamics. + Practive cllatin f evidence fr use in TP audit defense 12

13 THANK YOU! An rganizatin s ability t learn, and translate that learning int actin rapidly, is the ultimate cmpetitive advantage. - Jack Welch Vishnu Bagri Presenter Crdinates T: E: 13

14 Transfer Pricing Assciates Transfer Pricing Assciates is an independent prfessinal service and slutin prvider f expert transfer pricing, valuatin and custms services. With ur vast glbal netwrk cvering ver 50 cuntries and a highly diverse staff with prfund knwledge, extensive prfessinal and industry experiences, we deliver premium quality services and slutins custmized t yur glbal business Accretive SDU Cnsulting Private Limited Accretive SDU is the alliance partner f Transfer Pricing Assciates in India based in Bangalre. Accretive SDU is a multi-disciplinary cnsulting rganizatin, with a dedicated team f prfessinals fcused n advising clients n Indian and Internatinal tax issues, including structuring inbund and utbund investments, tax ptimizatin strategies, transfer pricing strategies and representatin services The views expressed and the infrmatin prvided in this presentatin are f general nature and is nt intended t address the circumstances f any particular individual r entity. The abve cntent shuld neither be regarded as cmprehensive nr sufficient fr making decisins. N ne shuld act n the infrmatin r views prvided in this publicatin withut apprpriate prfessinal advise. It shuld be nted that n assurance is given fr any lss arising frm any actins taken r t be taken r nt taken by anyne based n this publicatin Transfer Pricing Assciates Hlding B.V. All Rights Reserved. 14

Mobile Telecom Expense Management

Mobile Telecom Expense Management Mbile Telecm Expense Management Quick Start Mbile Telecm Expense Management Intrductin The BT Mbile Telecm Expense Management Quick Start Service is part BT Managed Mbility Expenses* BT s suite f telecm

More information

ITIL Release Control & Validation (RCV) Certification Program - 5 Days

ITIL Release Control & Validation (RCV) Certification Program - 5 Days ITIL Release Cntrl & Validatin (RCV) Certificatin Prgram - 5 Days Prgram Overview ITIL is a set f best practices guidance that has becme a wrldwide-adpted framewrk fr Infrmatin Technlgy Services Management

More information

MANITOBA SECURITIES COMMISSION STRATEGIC PLAN 2013-2016

MANITOBA SECURITIES COMMISSION STRATEGIC PLAN 2013-2016 MANITOBA SECURITIES COMMISSION STRATEGIC PLAN 2013-2016 The Manitba Securities Cmmissin (the Cmmissin) is a divisin f the Manitba Financial Services Agency (MFSA). The ther divisin is the Financial Institutins

More information

ITIL Service Offerings & Agreement (SOA) Certification Program - 5 Days

ITIL Service Offerings & Agreement (SOA) Certification Program - 5 Days ITIL Service Offerings & Agreement (SOA) Certificatin Prgram - 5 Days Prgram Overview ITIL is a set f best practices guidance that has becme a wrldwide-adpted framewrk fr Infrmatin Technlgy Services Management

More information

CMS Eligibility Requirements Checklist for MSSP ACO Participation

CMS Eligibility Requirements Checklist for MSSP ACO Participation ATTACHMENT 1 CMS Eligibility Requirements Checklist fr MSSP ACO Participatin 1. General Eligibility Requirements ACO participants wrk tgether t manage and crdinate care fr Medicare fee-fr-service beneficiaries.

More information

In-House Counsel Day Priorities for 2012. Cloud Computing the benefits, potential risks and security for the future

In-House Counsel Day Priorities for 2012. Cloud Computing the benefits, potential risks and security for the future In-Huse Cunsel Day Pririties fr 2012 Clud Cmputing the benefits, ptential risks and security fr the future Presented by David Richardsn Thursday 1 March 2012 WIN: What in-huse lawyers need Knwledge, supprt

More information

Internal Audit Charter and operating standards

Internal Audit Charter and operating standards Internal Audit Charter and perating standards 2 1 verview This dcument sets ut the basis fr internal audit: (i) the Internal Audit charter, which establishes the framewrk fr Internal Audit; and (ii) hw

More information

ITIL V3 Planning, Protection and Optimization (PPO) Certification Program - 5 Days

ITIL V3 Planning, Protection and Optimization (PPO) Certification Program - 5 Days ITIL V3 Planning, Prtectin and Optimizatin (PPO) Certificatin Prgram - 5 Days Prgram Overview The ITIL Intermediate Qualificatin: Planning, Prtectin and Optimizatin (PPO) Certificate is a free-standing

More information

Professional Leaders/Specialists

Professional Leaders/Specialists Psitin Prfile Psitin Lcatin Reprting t Jb family Band BI/Infrmatin Manager Wellingtn Prfessinal Leaders/Specialists Band I Date February 2013 1. POSITION PURPOSE The purpse f this psitin is t: Lead and

More information

CASSOWARY COAST REGIONAL COUNCIL POLICY ENTERPRISE RISK MANAGEMENT

CASSOWARY COAST REGIONAL COUNCIL POLICY ENTERPRISE RISK MANAGEMENT CASSOWARY COAST REGIONAL COUNCIL POLICY ENTERPRISE RISK MANAGEMENT Plicy Number: 2.20 1. Authrity Lcal Gvernment Act 2009 Lcal Gvernment Regulatin 2012 AS/NZS ISO 31000-2009 Risk Management Principles

More information

Corporate Standards for data quality and the collation of data for external presentation

Corporate Standards for data quality and the collation of data for external presentation The University f Kent Crprate Standards fr data quality and the cllatin f data fr external presentatin This paper intrduces a set f standards with the aim f safeguarding the University s psitin in published

More information

CCPRF. Request for Proposals. Monitoring Services. November 25, 2009

CCPRF. Request for Proposals. Monitoring Services. November 25, 2009 CCPRF Request fr Prpsals Mnitring Services Nvember 25, 2009 Table f Cntents SECTION I... 1 1.1 INTRODUCTION AND OPPORTUNITY... 1 1.2 OBJECTIVES OF RFP... 1 1.3 STATEMENT OF WORK... 1 SECTION II... 2 2.1

More information

INTERNATIONAL STANDARD ON AUDITING 265 COMMUNICATING DEFICIENCIES IN INTERNAL CONTROL TO THOSE CHARGED WITH GOVERNANCE AND MANAGEMENT CONTENTS

INTERNATIONAL STANDARD ON AUDITING 265 COMMUNICATING DEFICIENCIES IN INTERNAL CONTROL TO THOSE CHARGED WITH GOVERNANCE AND MANAGEMENT CONTENTS INTERNATIONAL STANDARD ON AUDITING 265 COMMUNICATING DEFICIENCIES IN INTERNAL CONTROL TO THOSE CHARGED WITH GOVERNANCE AND MANAGEMENT (Effective fr audits f financial statements fr perids beginning n r

More information

Network Security Trends in the Era of Cloud and Mobile Computing

Network Security Trends in the Era of Cloud and Mobile Computing Research Reprt Abstract: Netwrk Security Trends in the Era f Clud and Mbile Cmputing By Jn Oltsik, Senir Principal Analyst and Bill Lundell, Senir Research Analyst With Jennifer Gahm, Senir Prject Manager

More information

IFRS Discussion Group

IFRS Discussion Group IFRS Discussin Grup Reprt n the Public Meeting February 26, 2014 The IFRS Discussin Grup is a discussin frum nly. The Grup s purpse is t assist the Accunting Standards Bard (AcSB) regarding issues arising

More information

FINANCIAL SERVICES FLASH REPORT

FINANCIAL SERVICES FLASH REPORT FINANCIAL SERVICES FLASH REPORT Draft Regulatry Cmpliance Management Guideline Released by the Office f the Superintendent f Financial Institutins May 5, 2014 On April 30, 2014, the Office f the Superintendent

More information

UNITED STATES OF AMERICA FEDERAL ENERGY REGULATORY COMMISSION. Statement of Thomas F. O Brien. Vice President & Chief Information Officer

UNITED STATES OF AMERICA FEDERAL ENERGY REGULATORY COMMISSION. Statement of Thomas F. O Brien. Vice President & Chief Information Officer UNITED STATES OF AMERICA FEDERAL ENERGY REGULATORY COMMISSION Revised Critical Infrastructure Prtectin Reliability Standards Dcket N. RM15-14-000 Statement f Thmas F. O Brien Vice President & Chief Infrmatin

More information

Research Report. Abstract: The Emerging Intersection Between Big Data and Security Analytics. November 2012

Research Report. Abstract: The Emerging Intersection Between Big Data and Security Analytics. November 2012 Research Reprt Abstract: The Emerging Intersectin Between Big Data and Security Analytics By Jn Oltsik, Senir Principal Analyst With Jennifer Gahm Nvember 2012 2012 by The Enterprise Strategy Grup, Inc.

More information

Qualification Specification Level 3 Award in Effective Auditing and Inspection Skills

Qualification Specification Level 3 Award in Effective Auditing and Inspection Skills www.highfieldabc.cm Qualificatin Specificatin Level 3 Award in Effective Auditing and Inspectin Skills Highfield Place Unit 15 Shaw Wd Business Park Shaw Wd Way Wheatley Hills Dncaster Suth Yrkshire DN2

More information

Improved Data Center Power Consumption and Streamlining Management in Windows Server 2008 R2 with SP1

Improved Data Center Power Consumption and Streamlining Management in Windows Server 2008 R2 with SP1 Imprved Data Center Pwer Cnsumptin and Streamlining Management in Windws Server 2008 R2 with SP1 Disclaimer The infrmatin cntained in this dcument represents the current view f Micrsft Crpratin n the issues

More information

Action. Situation. Client: Constant Contact Industry: Marketing Services Geography: United States RampRate Solutions: Data Center HyperSourcing

Action. Situation. Client: Constant Contact Industry: Marketing Services Geography: United States RampRate Solutions: Data Center HyperSourcing Client: Cnstant Cntact Industry: Marketing Services Gegraphy: United States RampRate Slutins: Data Center HyperSurcing Situatin At the end f 2010, Cnstant Cntact was a fast-grwing leader in prviding Internet-based

More information

Key Steps for Organizations in Responding to Privacy Breaches

Key Steps for Organizations in Responding to Privacy Breaches Key Steps fr Organizatins in Respnding t Privacy Breaches Purpse The purpse f this dcument is t prvide guidance t private sectr rganizatins, bth small and large, when a privacy breach ccurs. Organizatins

More information

Fast Forward Your Talent Management Approach: A Guide to Succession and Talent Review

Fast Forward Your Talent Management Approach: A Guide to Succession and Talent Review Fast Frward Yur Talent Management Apprach: A Guide t Successin and Talent Review Sue Plaster, M.Ed. Sue Plaster Cnsulting plaster.sue @gmail.cm Agenda: Accelerating Talent Management 1. Setting the Stage:

More information

Pay Strategy for Country- Appointed Staff

Pay Strategy for Country- Appointed Staff Pay Strategy fr Cuntry- Appinted Staff Cntents Overview...3 Audience...3 Respnsibilities...3 Glssary...3 Crprate pay philsphy...3 Plicy...4 Perfrmance-related pay...5 Cmmunicating pay infrmatin t staff...5

More information

CCHIIM ICD-10 Continuing Education Requirements for AHIMA Certified Professionals (& Frequently Asked Questions for Recertification)

CCHIIM ICD-10 Continuing Education Requirements for AHIMA Certified Professionals (& Frequently Asked Questions for Recertification) CCHIIM ICD-10 Cntinuing Educatin Requirements fr AHIMA Certified Prfessinals (& Frequently Asked Questins fr Recertificatin) The transitin t ICD-10-CM and ICD-10-PCS is anticipated t imprve the capture

More information

Presentation: The Demise of SAS 70 - What s Next?

Presentation: The Demise of SAS 70 - What s Next? Presentatin: The Demise f SAS 70 - What s Next? September 15, 2011 1 Presenters: Jeffrey Ziplw - Partner BlumShapir Jennifer Gerasimv Senir Manager Delitte. SAS 70 Backgrund and Overview Purpse f a SAS

More information

Hearing Loss Regulations Vendor information pack

Hearing Loss Regulations Vendor information pack Hearing Lss Regulatins Vendr infrmatin pack Nvember 2010 Implementing the Accident Cmpensatin (Apprtining Entitlements fr Hearing Lss) Regulatins 2010 The Minister fr ACC, the Hn. Dr Nick Smith, has annunced

More information

Enhanced Enterprise Mobility Assessment Program Description

Enhanced Enterprise Mobility Assessment Program Description Enhanced Enterprise Mbility Assessment Prgram Descriptin NOTE: This dcument is prvided fr infrmatinal purpses nly, and des nt in itself cnstitute a binding legal dcument. BlackBerry assumes n respnsibility

More information

Copernicus & Big Data: A Perspective from the European EO Services Industry. Geoff Sawyer: EARSC Secretary General

Copernicus & Big Data: A Perspective from the European EO Services Industry. Geoff Sawyer: EARSC Secretary General Cpernicus & Big Data: A Perspective frm the Eurpean EO Services Industry. Geff Sawyer: EARSC Secretary General What is EARSC? EARSC is a trade assciatin (NPO), funded in 1989, which represents cmpanies:

More information

Phi Kappa Sigma International Fraternity Insurance Billing Methodology

Phi Kappa Sigma International Fraternity Insurance Billing Methodology Phi Kappa Sigma Internatinal Fraternity Insurance Billing Methdlgy The Phi Kappa Sigma Internatinal Fraternity Executive Bard implres each chapter t thrughly review the attached methdlgy and plan nw t

More information

Health and Safety Training and Supervision

Health and Safety Training and Supervision Intrductin: Health and Safety Training and Supervisin University f Nttingham is cmmitted t maintaining and develping standards f excellence in all aspects f its business. T that end, the University aspires

More information

Dec. 2012. Transportation Management System. An Alternative Traffic Solution for the Logistics Professionals

Dec. 2012. Transportation Management System. An Alternative Traffic Solution for the Logistics Professionals Dec. 2012 Transprtatin Management System An Alternative Traffic Slutin fr the Lgistics Prfessinals What is a TMS-Lite system? What are the features and capabilities f a TMS-Lite system? Why chse a TMS-Lite

More information

10 th May 2010. Dear Peter, Re: Audit Quality in Australia: A Strategic Review

10 th May 2010. Dear Peter, Re: Audit Quality in Australia: A Strategic Review 10 th May 2010 Mr. Peter Levy Audit Quality Strategic Review Crpratins and Financial Services Divisin The Treasury Langtn Crescent PARKES ACT 2600 Dear Peter, Re: Audit Quality in Australia: A Strategic

More information

Service Management - Framework 2013

Service Management - Framework 2013 Service - Framewrk 2013 Getting Started Right with Service System Netwrk Firewall Sftware Service App With the right framewrk, enterprises f almst any size small t large can implement effective functinal

More information

Basics of Supply Chain Management

Basics of Supply Chain Management The Champlain Valley APICS Chapter is a premier prfessinal assciatin fr supply chain and peratins management and wrking tgether with the APICS rganizatin the leading prvider f research, educatin and certificatin

More information

ITIL V3 Service Offerings and Agreements (SOA) Certification Program - 5 Days

ITIL V3 Service Offerings and Agreements (SOA) Certification Program - 5 Days ITIL V3 Service Offerings and Agreements (SOA) Certificatin Prgram - 5 Days Prgram Overview The ITIL Intermediate Qualificatin: Service Offerings and Agreements (SOA) Certificate, althugh a stand alne

More information

Cornwall Partners in Care

Cornwall Partners in Care Crnwall Partners in Care Mving Frward Versin 2.0 8 th January 2014 By Richard Mnk Crnwall Partners in Care August 2013 Page 1 f 6 CPIC mving frward This dcument has been created t help prvide a little

More information

Better Practice Guide Financial Considerations for Government use of Cloud Computing

Better Practice Guide Financial Considerations for Government use of Cloud Computing Better Practice Guide Financial Cnsideratins fr Gvernment use f Clud Cmputing Nvember 2011 Intrductin Many Australian Gvernment agencies are in the prcess f cnsidering the adptin f clud-based slutins.

More information

QBT - Making business travel simple

QBT - Making business travel simple QBT - Making business travel simple In business travel, cmplexity csts. S, we ffer less f it. We adpt the latest technlgy and make it simple, transparent and highly persnal. S yu get mre f what yu need

More information

DTO Advice Note. Mobility Management Plans

DTO Advice Note. Mobility Management Plans DUBLIN TRANSPORTATION OFFICE PREAMBLE s what and why are they? The s are intended as guidance fr Lcal Authrities and thers invlved in land use planning and develpment in the Greater Dublin Area. The need

More information

Research Report. Abstract: Security Management and Operations: Changes on the Horizon. July 2012

Research Report. Abstract: Security Management and Operations: Changes on the Horizon. July 2012 Research Reprt Abstract: Security Management and Operatins: Changes n the Hrizn By Jn Oltsik, Senir Principal Analyst With Kristine Ka and Jennifer Gahm July 2012 2012, The Enterprise Strategy Grup, Inc.

More information

Improved ADP and ACP Safe Harbor Plan Designs

Improved ADP and ACP Safe Harbor Plan Designs Imprtant Infrmatin Plan Administratin and Operatin April 2000* Imprved ADP and ACP Safe Harbr Plan Designs WHO'S AFFECTED This infrmatin applies t defined cntributin plans with a 401(k) feature r emplyer

More information

CCHIIM ICD-10 Continuing Education Requirements for AHIMA Certified Professionals (& Frequently Asked Questions for Recertification)

CCHIIM ICD-10 Continuing Education Requirements for AHIMA Certified Professionals (& Frequently Asked Questions for Recertification) CCHIIM ICD-10 Cntinuing Educatin Requirements fr AHIMA Certified Prfessinals (& Frequently Asked Questins fr Recertificatin) The transitin t ICD-10-CM and ICD-10-PCS is anticipated t imprve the capture

More information

White Paper on Business Process Outsourcing in Automotive Industry

White Paper on Business Process Outsourcing in Automotive Industry White Paper n Business Prcess Outsurcing in Autmtive Industry Intrductin As autmtive industry is stepping int a market landscape which is favrable t it, there is untapped market ptential which is critically

More information

Cyprus international business environment and tax favorable system

Cyprus international business environment and tax favorable system Tax publicatin 4.2014 Cyprus internatinal business envirnment and tax favrable system Cyprus Cyprus is strategically lcated between Eurpe, Asia and Africa and is recgnized as an internatinal center f excellence

More information

POLISH STANDARDS ON HEALTH AND SAFETY AS A TOOL FOR IMPLEMENTING REQUIREMENTS OF THE EUROPEAN DIRECTIVES INTO THE PRACTICE OF ENTERPRISES

POLISH STANDARDS ON HEALTH AND SAFETY AS A TOOL FOR IMPLEMENTING REQUIREMENTS OF THE EUROPEAN DIRECTIVES INTO THE PRACTICE OF ENTERPRISES POLISH STANDARDS ON HEALTH AND SAFETY AS A TOOL FOR IMPLEMENTING REQUIREMENTS OF THE EUROPEAN DIRECTIVES INTO THE PRACTICE OF ENTERPRISES M. PĘCIŁŁO Central Institute fr Labur Prtectin ul. Czerniakwska

More information

Job Profile Data & Reporting Analyst (Grant Fund)

Job Profile Data & Reporting Analyst (Grant Fund) Jb Prfile Data & Reprting Analyst (Grant Fund) Directrate Lcatin Reprts t Hurs Finance Slihull Finance Directr Nminally 37 hurs but peratinally available at all times t meet Cmpany requirements Cntract

More information

TO: Chief Executive Officers of all National Banks, Department and Division Heads, and all Examining Personnel

TO: Chief Executive Officers of all National Banks, Department and Division Heads, and all Examining Personnel AL 96-7 Subject: Credit Card Preapprved Slicitatins TO: Chief Executive Officers f all Natinal Banks, Department and Divisin Heads, and all Examining Persnnel PURPOSE The purpse f this advisry letter is

More information

Risk Management Policy AGL Energy Limited

Risk Management Policy AGL Energy Limited Risk Management Plicy AGL Energy Limited AUGUST 2014 Table f Cntents 1. Abut this Dcument... 2 2. Plicy Statement... 2 3. Purpse... 2 4. AGL Risk Cntext... 3 5. Scpe... 3 6. Objectives... 3 7. Accuntabilities...

More information

Change Management Process

Change Management Process Change Management Prcess B1.10 Change Management Prcess 1. Intrductin This plicy utlines [Yur Cmpany] s apprach t managing change within the rganisatin. All changes in strategy, activities and prcesses

More information

ISO Management Systems. Guidance on understanding the benefits of an ISO Management System

ISO Management Systems. Guidance on understanding the benefits of an ISO Management System ISO Management Systems Guidance n understanding the benefits f an ISO Management System Welcme & Intrductins 4031 University Drive, 206, Fairfax, VA 22030 3 Grant Square, 243, Hinsdale, IL 60521 www.radiancmpliance.cm

More information

Ref. RFP 2015/104. Invitation to tender. International Retirement Plan. Project Green Climate Fund. 11 May 2015

Ref. RFP 2015/104. Invitation to tender. International Retirement Plan. Project Green Climate Fund. 11 May 2015 Ref. RFP 2015/104 Invitatin t tender Internatinal Retirement Plan Prject Green Climate Fund 11 May 2015 Ref. RFP 2015/104 Table f cntents Sectin Page A. Intrductin... 1 B. Cmpletin f this dcument and timescale...

More information

2008 BA Insurance Systems Pty Ltd

2008 BA Insurance Systems Pty Ltd 2008 BA Insurance Systems Pty Ltd BAIS have been delivering insurance systems since 1993. Over the last 15 years, technlgy has mved at breakneck speed. BAIS has flurished in this here tday, gne tmrrw sftware

More information

Audit Committee Charter. St Andrew s Insurance (Australia) Pty Ltd St Andrew s Life Insurance Pty Ltd St Andrew s Australia Services Pty Ltd

Audit Committee Charter. St Andrew s Insurance (Australia) Pty Ltd St Andrew s Life Insurance Pty Ltd St Andrew s Australia Services Pty Ltd Audit Cmmittee Charter St Andrew s Insurance (Australia) Pty Ltd St Andrew s Life Insurance Pty Ltd St Andrew s Australia Services Pty Ltd Versin 2.0, 22 February 2016 Apprver Bard f Directrs St Andrew

More information

Terms of Reference for the Fire Review Panel

Terms of Reference for the Fire Review Panel Terms f Reference fr the Fire Review Panel Purpse The Fire Review Panel (the Panel) is appinted t prvide independent advice t the Minister f Internal Affairs (the Minister) abut hw the Gvernment can achieve:

More information

EIOPA s first set Guidelines for Solvency II. IRSG meeting 29 April 2014, Frankfurt

EIOPA s first set Guidelines for Solvency II. IRSG meeting 29 April 2014, Frankfurt EIOPA s first set Guidelines fr Slvency II IRSG meeting 29 April 2014, Frankfurt Intrductin Cntent 5 areas: Pillar 1 (TP, OF, SCR, Valuatin), Internal Mdels, Gvernance and ORSA, Equivalence, SRP Prcess

More information

Customer Support & Software Enhancements Policy

Customer Support & Software Enhancements Policy Custmer Supprt & Sftware Enhancements Plicy Welcme t Manhattan Assciates Custmer Supprt Organizatin (CSO). Staying current n Custmer Supprt & Sftware Enhancements and n a supprted versin f the licensed

More information

Professional indemnity insurance arrangements for enrolled nurses, registered nurses and nurse practitioners

Professional indemnity insurance arrangements for enrolled nurses, registered nurses and nurse practitioners Guideline August 2013 Prfessinal indemnity insurance arrangements fr enrlled nurses, registered nurses and nurse practitiners Intrductin This guideline has been develped by the Nursing and Midwifery Bard

More information

Table of Contents. This document is for informational purposes only. MICROSOFT MAKES NO WARRANTIES, EXPRESS OR IMPLIED, IN THIS SUMMARY.

Table of Contents. This document is for informational purposes only. MICROSOFT MAKES NO WARRANTIES, EXPRESS OR IMPLIED, IN THIS SUMMARY. Table f Cntents Tp Pricing and Licensing Questins... 2 Why shuld custmers be excited abut Micrsft SQL Server 2012?... 2 What are the mst significant changes t the pricing and licensing fr SQL Server?...

More information

Gravesham Borough Council

Gravesham Borough Council Classificatin: Part 1 Public Key Decisin: Please specify - N Gravesham Brugh Cuncil Reprt t: Perfrmance and Administratin Cmmittee Date: 12 Nvember 2015 Reprting fficer: Subject: Crprate Perfrmance Manager

More information

Benefits of Contractor Workforce Solution Outsourcing - Risk Management. 10 December 2010 CXC Global Research

Benefits of Contractor Workforce Solution Outsourcing - Risk Management. 10 December 2010 CXC Global Research Benefits f Cntractr Wrkfrce Slutin Outsurcing - Risk Management 10 December 2010 CXC Glbal Research Executive Summary CXC Glbal is a specialist Cntractr Management Cmpany with enrmus depth f experience

More information

Marketing Consultancy Division (MCD) Export Consultancy Unit (ECU) Export in Focus. Export Market Expansion Strategies. Rabi-I, 1427 (April, 2006)

Marketing Consultancy Division (MCD) Export Consultancy Unit (ECU) Export in Focus. Export Market Expansion Strategies. Rabi-I, 1427 (April, 2006) Marketing Cnsultancy Divisin (MCD) Exprt Cnsultancy Unit (ECU) Exprt in Fcus Exprt Market Expansin Strategies Rabi-I, 1427 (April, 2006) 1 Exprt Market Expansin Strategies Intrductin It is clear that glbalizatin

More information

ERISA Compliance FAQs: Fiduciary Responsibilities

ERISA Compliance FAQs: Fiduciary Responsibilities Brught t yu by Mrris & Reynlds Insurance ERISA Cmpliance FAQs: Fiduciary Respnsibilities The Emplyee Retirement Incme Security Act f 1974 (ERISA) is a federal law that sets minimum standards fr emplyee

More information

Case Study Law Firm Profit and Growth LBMS Transforms a Major Law Firm s Market Expansion & Increased Profitability Vision into Reality

Case Study Law Firm Profit and Growth LBMS Transforms a Major Law Firm s Market Expansion & Increased Profitability Vision into Reality Case Study Law Firm Prfit and Grwth LBMS Transfrms a Majr Law Firm s Market Expansin & Increased Prfitability Visin int Reality Cpyright 2011 Elegrity Incrprated. All rights reserved. N part f this dcument

More information

Equal Pay Audit 2014 Summary

Equal Pay Audit 2014 Summary Equal Pay Audit 2014 Summary Abut the dcument The fllwing summary is an abridged versin f Ofcm s equal pay audit 2014. In the full versin f the reprt we set ut ur key findings, cmment n any issues arising

More information

CONTENTS UNDERSTANDING PPACA. Implications of PPACA Relative to Student Athletes. Institution Level Discussion/Decisions.

CONTENTS UNDERSTANDING PPACA. Implications of PPACA Relative to Student Athletes. Institution Level Discussion/Decisions. This dcument is intended t prvide NCAA member institutins with an infrmatinal guide regarding the ptential implicatins f the Patient Prtectin and Affrdable Care Act f 2010 (PPACA) when fully implemented

More information

Research Report. Abstract: Advanced Malware Detection and Protection Trends. September 2013

Research Report. Abstract: Advanced Malware Detection and Protection Trends. September 2013 Research Reprt Abstract: Advanced Malware Detectin and Prtectin Trends By Jn Oltsik, Senir Principal Analyst With Jennifer Gahm, Senir Prject Manager September 2013 2013 by The Enterprise Strategy Grup,

More information

LINCOLNSHIRE POLICE Policy Document

LINCOLNSHIRE POLICE Policy Document LINCOLNSHIRE POLICE Plicy Dcument 1. POLICY IDENTIFICATION PAGE POLICY TITLE: ICT CHANGE & RELEASE MANAGEMENT POLICY POLICY REFERENCE NO: PD 186 POLICY OWNERSHIP: ACPO Cmmissining Officer: Prtfli / Business-area

More information

Mobile Workforce. Improving Productivity, Improving Profitability

Mobile Workforce. Improving Productivity, Improving Profitability Mbile Wrkfrce Imprving Prductivity, Imprving Prfitability White Paper The Business Challenge Between increasing peratinal cst, staff turnver, budget cnstraints and pressure t deliver prducts and services

More information

Médecins Sans Frontières Australia Job Description

Médecins Sans Frontières Australia Job Description Médecins Sans Frntières Australia Jb Descriptin POSITION DESCRIPTION Psitin Lcatin: Reprting t: Supervising: Status: Service Centre Technical Crdinatr Sydney (Bradway) Service Centre Manager N/A 6-mnths

More information

What is Software Risk Management? (And why should I care?)

What is Software Risk Management? (And why should I care?) What is Sftware Risk Management? (And why shuld I care?) Peter Kulik, KLCI, Inc. 1 st Editin, Octber 1996 Risks are schedule delays and cst verruns waiting t happen. As industry practices have imprved,

More information

Policy on Free and Open-source Software. Government Policy of Iceland

Policy on Free and Open-source Software. Government Policy of Iceland Plicy n Free and Open-surce Sftware Gvernment Plicy f Iceland Prime Minister s Office December 2007 Intrductin Free and pen-surce sftware is sftware based n a surce cde which the authrs chse t make public

More information

Revised October 27, 2011 Page 1 of 6

Revised October 27, 2011 Page 1 of 6 Keystne STARS Accreditatin Applicatin Philsphy The Keystne STARS prgram is Pennsylvania s QRIS which began in 2002. There are fur quality levels frm STAR 1 t STAR 4, each level building n the prir levels;

More information

CCHIIM ICD-10 Continuing Education Requirements for AHIMA Certified Professionals (& Frequently Asked Questions for Recertification)

CCHIIM ICD-10 Continuing Education Requirements for AHIMA Certified Professionals (& Frequently Asked Questions for Recertification) CCHIIM ICD-10 Cntinuing Educatin Requirements fr AHIMA Certified Prfessinals (& Frequently Asked Questins fr Recertificatin) The transitin t ICD-10-CM and ICD-10-PCS is anticipated t imprve the capture

More information

INFRASTRUCTURE TECHNICAL LEAD

INFRASTRUCTURE TECHNICAL LEAD 1. PURPOSE OF POSITION This psitin is respnsible fr the delivery f peratinal supprt and maintenance f the TDHB IT infrastructure envirnment. This rle is als pivtal in the develpment and delivery f infrastructure

More information

Osterman Research User Guides

Osterman Research User Guides Osterman Research User Guides Hw t Evaluate and Chse a Messaging Archival Slutin 2006 Editin Osterman Research, Cntural and RITE Chice have published a user guide that will help rganizatins f all sizes

More information

2013 Small and Medium Businesses Mobile Solutions Study

2013 Small and Medium Businesses Mobile Solutions Study 2013 Small and Medium Businesses Mbile Slutins Study April, 2013 Sanjeev Aggarwal Laurie McCabe 4/15/2013 Cpyright SMB Grup 1 Why is Mbility Slutins Imprtant? In the next 3-4 years the mbile internet traffic

More information

ITU-T T Focus Group on Identity Management (FG IdM):

ITU-T T Focus Group on Identity Management (FG IdM): Internatinal Telecmmunicatin Unin ITU-T ITU-T T Fcus Grup n Identity Management (FG IdM): IdM Tutrial Part II Ray P. Singh Telcrdia Technlgies 732-699-6105 rsingh@telcrdia.cm ITU-T FG IdM Overview IdM

More information

Career opportunity [Agile Coach]

Career opportunity [Agile Coach] Career pprtunity [Agile Cach] Page 1 Page 2 1 Abut Wlters Kluwer Financial Services Whether cmplying with regulatry requirements r managing financial transactins, addressing a single key risk, r wrking

More information

THIRD PARTY PROCUREMENT PROCEDURES

THIRD PARTY PROCUREMENT PROCEDURES ADDENDUM #1 THIRD PARTY PROCUREMENT PROCEDURES NORTH CENTRAL TEXAS COUNCIL OF GOVERNMENTS TRANSPORTATION DEPARTMENT JUNE 2011 OVERVIEW These prcedures establish standards and guidelines fr the Nrth Central

More information

THE MICROFINANCE ASSOCIATION Training Programme London, UK

THE MICROFINANCE ASSOCIATION Training Programme London, UK THE MICROFINANCE ASSOCIATION Training Prgramme 2016 Lndn, UK The Micrfinance Asscatin, Science and Innvatin Centre, NUCLEUS Brunel Way, DA1 5GA, United Kingdm Tel: +44 (0) 1322 312078 ade@micrfinanceaassciatin.rg

More information

Business Plan Overview

Business Plan Overview Business Plan Overview Organizatin and Cntent Summary A business plan is a descriptin f yur business, including yur prduct yur market, yur peple and yur financing needs. Yu shuld cnsider that a well prepared

More information

Licensing the Core Client Access License (CAL) Suite and Enterprise CAL Suite

Licensing the Core Client Access License (CAL) Suite and Enterprise CAL Suite Vlume Licensing brief Licensing the Cre Client Access License (CAL) Suite and Enterprise CAL Suite Table f Cntents This brief applies t all Micrsft Vlume Licensing prgrams. Summary... 1 What s New in This

More information

India vs. China The Outsourcing War

India vs. China The Outsourcing War Flexsin Technlgies (P) Limited India vs. China The Outsurcing War The glbal utsurcing market has evlved ver the years and has redefined the apprach f ding business. The utsurcing vendrs are prviding strategic

More information

FCA US INFORMATION & COMMUNICATION TECHNOLOGY MANAGEMENT

FCA US INFORMATION & COMMUNICATION TECHNOLOGY MANAGEMENT EDI ROADMAP FCA US INFORMATION & COMMUNICATION TECHNOLOGY MANAGEMENT FCA US EDI Radmap Business Requirement All FCA suppliers and carriers are required t establish an Electrnic Data Interchange (EDI) cnnectin.

More information

7 October 2011. Re: Themed Inspection into Third Party Personal Injury Claims. Dear

7 October 2011. Re: Themed Inspection into Third Party Personal Injury Claims. Dear 7 Octber 2011 Re: Themed Inspectin int Third Party Persnal Injury Claims Dear During 2011 the Central Bank f Ireland ( Central Bank ) undertk a themed inspectin prject in relatin t the prcessing f third

More information

Municipal Advisor Registration

Municipal Advisor Registration FACT SHEET Municipal Advisr Registratin SEC Open Meeting Sept. 18, 2013 The Securities and Exchange Cmmissin tday will cnsider whether t adpt a rule that wuld establish a permanent registratin regime fr

More information

Build the cloud OpenStack Installation & Configuration Integration with existing tools and processes Cloud Migration

Build the cloud OpenStack Installation & Configuration Integration with existing tools and processes Cloud Migration Slutin Brief OpenStack Services OVERVIEW OnX understands clud adptin challenges f glbal enterprise cmpanies and helps Enterprises adpt OpenStack slutins thrugh targeted services. We ffer vertical industry

More information

Research Report. Abstract: Data Center Networking Trends. January 2012. By Jon Oltsik With Bob Laliberte and Bill Lundell

Research Report. Abstract: Data Center Networking Trends. January 2012. By Jon Oltsik With Bob Laliberte and Bill Lundell Research Reprt Abstract: Data Center Netwrking Trends By Jn Oltsik With Bb Laliberte and Bill Lundell January 2012 2012 Enterprise Strategy Grup, Inc. All Rights Reserved. Intrductin Research Objective

More information

Process of Setting up a New Merchant Account

Process of Setting up a New Merchant Account Prcess f Setting up a New Merchant Accunt Table f Cntents PCI DSS... 3 Wh t cntact?... 3 Bakcgrund n PCI... 3 Why cmply?... 3 Hw t cmply?... 3 PCI DSS Scpe... 4 Des PCI DSS Apply t Me?... 4 What if I am

More information

FACT SHEET BORROWING THROUGH SUPER. Prepared by Brett Griffiths, Director Superannuation Consulting e bgriffiths@vincents.com.au

FACT SHEET BORROWING THROUGH SUPER. Prepared by Brett Griffiths, Director Superannuation Consulting e bgriffiths@vincents.com.au FACT SHEET BORROWING THROUGH SUPER Prepared by Brett Griffiths, Directr Superannuatin Cnsulting e bgriffiths@vincents.cm.au FACT SHEET Since September 2007 Self Managed Superannuatin Funds (SMSF s) can

More information

High Level Meeting on National Drought Policy (HMNDP) CICG, Geneva 11-15 March 2013

High Level Meeting on National Drought Policy (HMNDP) CICG, Geneva 11-15 March 2013 High Level Meeting n Natinal Drught Plicy (HMNDP) CICG, Geneva 11-15 March 2013 Plicy Dcument: Natinal Drught Management Plicy United Natins Cnventin t Cmbat Desertificatin (UNCCD) Fd and Agriculture Organizatin

More information

Maintain a balanced budget primarily the General & Park Funds

Maintain a balanced budget primarily the General & Park Funds EXHIBIT B City f Chic Budget Cntingency Plan P The purpse f the Budget Cntingency Plan is t establish a guideline and general apprach t respnd t adverse financial and ecnmic cnditins that culd negatively

More information

Cisco Innovation 2005 Study. Select Findings. August 2005

Cisco Innovation 2005 Study. Select Findings. August 2005 Select Findings August 2005 1 Objectives & Methdlgy Data Cllectin Timeframe: July 8-18, 2005 Respndent Prfile: Cmpany Prfile: Key Gegraphies: 635 ttal respndents 542 business decisin makers 93 IT decisin

More information

University of Texas at Dallas Policy for Accepting Credit Card and Electronic Payments

University of Texas at Dallas Policy for Accepting Credit Card and Electronic Payments University f Texas at Dallas Plicy fr Accepting Credit Card and Electrnic Payments Cntents: Purpse Applicability Plicy Statement Respnsibilities f a Merchant Department Prcess t Becme a Merchant Department

More information

Cloud Application Risks You Can t Manage What You Can t See

Cloud Application Risks You Can t Manage What You Can t See The Unique Alternative t the Big Fur Clud Applicatin Risks Yu Can t Manage What Yu Can t See Managing Unapprved and Apprved Emplyee Clud Adptin March 18, 2015 Agenda Shadw IT trends that are creating visibility

More information

OFFICIAL JOB SPECIFICATION. Network Services Analyst. Network Services Team Manager

OFFICIAL JOB SPECIFICATION. Network Services Analyst. Network Services Team Manager JOB SPECIFICATION FUNCTION JOB TITLE REPORTING TO GRADE WORK PATTERN LOCATION IT & Digital Netwrk Services Analyst Netwrk Services Team Manager Band D Full-time Birmingham TRAVEL REQUIRED Occasinally ROLE

More information

SOFTWARE DEVELOPER POSITION BY RIOMED LTD. SAFE. EFFICIENT. QUALITY WORLD CLASS HEALTHCARE SOLUTION

SOFTWARE DEVELOPER POSITION BY RIOMED LTD. SAFE. EFFICIENT. QUALITY WORLD CLASS HEALTHCARE SOLUTION SOFTWARE DEVELOPER POSITION BY RIOMED LTD. SAFE. EFFICIENT. QUALITY WORLD CLASS HEALTHCARE SOLUTION JOB DESCRIPTION POSITION: EXPERIENCED SOFTWARE DEVELOPER LOCATION: INDIA REPORTING TO: COMPANY DIRECTOR

More information