Discuss how a CEO of a company can manage and control business activities in a new subsidiary company which will operate away from the UK the home country. The subsidiary is to be in France, Germany or the US. How is the Treadway report relevant to this problem but not the solution to the problem? One of the directors who is also a shareholder wants the company to establish one off-shore subsidiary in order to reduce taxes and increase the cash available to pay dividends to shareholders. This is following the increase in taxes in the UK