LONDON, July 8 /PRNewswire/ --     Companies across the globe are failing to maintain the required
legislative and regulatory reporting requirements for their subsidiaries,
according to TMF Group, (TMF) the world's leading independent provider of
accounting and corporate secretarial services and Computershare Governance
Services (CGS), the leading subsidiary governance software supplier.

Evidence from European regulatory bodies suggests that whilst top company
and main trading subsidiary filings are reasonably under control, there are
huge numbers of small or dormant subsidiaries where filings are neglected.
This is often because of the misconception that dormant companies do not need
to make filings. Typically, company law does not differentiate between large
and small, trading and non-trading when it comes to filings. The lack of
local knowledge at head office just exaggerates this problem.

Mark Selinger, Managing Director of CGS said: "The consequences for
non-compliance are severe in many countries. Companies risk penalties ranging
from fines, dissolution of local entities and even prison sentences for local
directors by not being aware of the regional requirements applicable to all
of their subsidiaries."

"Individually, these compliance requirements are not particularly
onerous. However, organisations with large group structures often find that
it is the sheer volume of filings and differences in local regulatory
requirements that cause them to fall behind with their reporting. We help the
companies we work with put processes and procedures in place to bring
structure to this area of compliance. We also leverage our extensive network
of world-wide offices to provide them with local regulatory expertise," said
Jarrod Simpson, Director of TMF Group and head of Corporate Secretarial.

The key to avoiding non-compliance penalties is to ensure that your
company has easy access to local knowledge of compliance requirements for
each foreign subsidiary as well as robust procedures in place to ensure local
filings are prepared and submitted in a timely manner. To solve this problem,
CGS and TMF have teamed up to provide the necessary regional compliance
requirements through CGS's Global Entity Management Software (GEMS). The
unique GEMS Compliance Dashboard provides a quick and detailed analysis of
the compliance status on group entities.

TMF's on-the-ground presence and local expertise in 86 offices across 65
countries world-wide will ensure that accurate, up-to-date international
business rules and statutory filing dates are embedded into the GEMS
software, making it easy for users to ensure that their subsidiaries are
meeting local reporting requirements. The software allows quick
identification and drill down into details of compliant and non-compliant
entities. If necessary, clients may also request further, specific
information about a particular jurisdiction from TMF via a link in the
software.

The new information, initially available for 30 countries, will be
demonstrated at the upcoming ICSA conference at the Queen Elizabeth
Conference Centre on September 30th.

Notes to Editors:

    The 30 countries covered under the initiative are as follows:

    Austria            Australia
    Belgium            China
    Czech Republic     Hong Kong
    Finland            India
    France             Malaysia
    Germany            Singapore
    Hungary            Thailand
    Ireland            Argentina
    Italy              Brazil
    Luxembourg         Colombia
    Netherlands        Costa Rica
    Poland             Mexico
    Russia             Peru
    Spain
    Sweden
    Switzerland
    UK



About Computershare Governance Services

Computershare Governance Services is the world's leading supplier of
entity management and subsidiary governance solutions. Today over 250,000
legal entities are administered, governed and kept compliant using our
software.

We have over 500 clients around the world using our solutions and they
are supported by our North American facilities in Toronto, Houston, New York
and Shelton, Connecticut, our Asia Pac facilities in Melbourne and Sydney,
and our European facilities in Munich, London, Bristol and the headquarters
in Monaghan, Ireland, as well as Dubai in the Middle East.

For more information, please visit http://www.cgs.computershare.com.

About Computershare Limited (CPU)

Computershare (ASX:CPU) is a global market leader in transfer agency and
share registration, employee equity plans, proxy solicitation and stakeholder
communications. We also specialize in corporate trust services, tax voucher
solutions, bankruptcy administration and a range of other diversified
financial and governance services.

Founded in 1978, Computershare is renowned for its expertise in data
management, high volume transaction processing, payments and stakeholder
engagement. Many of the world's leading organizations use these core
competencies to help maximize the value of relationships with their
investors, employees, creditors, members and customers. Computershare is
represented in all major financial markets and has over 10,000 employees
worldwide.

For more information, visit http://www.computershare.com.

About TMF Group

Global Independent Administrators: With over 3,000 professionals working
out of 86 offices in 65 countries, TMF Group is the world's leading
independent provider of accounting and corporate secretarial services. TMF
Group has a strong track record of growth and anticipates doubling the size
of its network in the next few years, putting strong emphasis on its shared
values and culture.

For further information on TMF Group please visit
http://www.tmf-group.com or contact cosec@tmf-group.com

Media, please contact lucy.newcombe@computershare.co.uk, +44-870-7030041