CW 2020 Annual Report

Risks Related to Our Business and Operations • the coronavirus pandemic (COVID-19); • attracting and retaining qualified and experienced employees; • acquisitions we have made or may make in the future; • the perception of our brand and reputation in the marketplace; • concentration of our business with corporate clients; • the seasonal nature of portions of our business;

• actual or perceived conflicts of interest and their potential impact on our service lines; • information technology strategies and our ability to adapt to changes in technology; • the security of our information and technology networks; • interruptions or failures of our information technology, communications systems or data services; • potential breaches relating to our information systems; • infrastructure disruptions; • impairment of goodwill and other intangible assets;

• our ability to comply with new or changing laws and regulations; • our ability to execute on our strategy for operational efficiency; • environmental liabilities as a result of our role as a property or facility manager or developer of real estate; • adverse developments in the credit markets; • social, political and economic risks in different countries and foreign currency volatility; Risks Related to Our Industry and the Macroeconomic Environment • general economic conditions and their potential impact on the commercial real estate market; • local, regional and global competition; • systems failures in the derivatives and securities trading industry; • fluctuations in foreign currency exchange rates; • difficulty executing our growth strategy and maintaining our growth effectively; Risks Related to Our Common Stock • our reliance on our Principal Shareholders; • the ability of our Principal Shareholders to exert significant influence over our business; • potential conflicts of interest of our directors; • the rights of certain of our shareholders to engage or invest in the same or similar businesses as us; • the rights of our shareholders may differ from the rights typically offered to shareholders of a U.S. corporation organized in Delaware; • fluctuations in the price our shares; • price declines resulting from future sales of ordinary shares; • future offerings of debt or equity securities and the potential impact of such offerings on the price of our ordinary shares; • our policy relating to the payment of dividends; • our dependence on dividends and distributions from our subsidiaries to pay any dividends; • our ability to maintain effective internal control over financial reporting; • the requirements and resources required as a public company; • research published by securities or industry analysts; Risks Related to Our Indebtedness • restrictions imposed by our credit facilities; • our substantial amount of indebtedness and its potential impact on the operation of our business; • our ability to incur additional debt; • our ability to service our existing debt; • the future performance of interest rate benchmarks, including LIBOR;

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