Broadcast replay - Transformational transactions – The board's role
Transformational transactions – The board's role
In the face of growing market volatility and economic dislocation, large, transformational transactions, both defensive and offensive are assuming increased prominence on board agendas. The challenge for the board members is how to ensure they “get it right” in terms of both shareholder value creation and risk management.
For companies that are in serial acquisition mode, an ongoing dialogue with management is key, particularly as management may be looking to the board for initial reactions or going through a multi-stage approval process. As they proceed through any type of transformational transaction, questions boards should ask themselves include:
At the same time they are addressing these questions, boards cannot neglect due diligence for the transaction and related reps and warranties.
Notwithstanding their right to rely on the advice of legal experts, directors still must understand the key issues and ask the right questions in these more arcane areas. This session focuses on these and other emerging issues in this ever changing area of corporate governance.
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