M&A Governance - To Capture Value through M&A -

Summary of Speech by Vincent Poizat

• M&A’s success rate remains low globally, despite improvements in various M&A tools over the last twenty years.

• The key to M&A success, as seen among mature serial acquirers, is corporate governance processes in the context of M&A, especially with regards to risk management, deal review and approval processes– “M&A governance”; however this is largely lacking at most companies.
• As the word “governance” suggests, M&A governance is based on a risk management approach to M&A led by the board, which encompasses not just target-related risks but also strategic and execution risks.
• Following a customised review of the firm and its M&A environment, such as review of the M&A strategy, M&A targets universe, potential competitive bidders, regulations, integration policies and deal execution practices, one can not only enhance internal M&A processes but also design a robust, risk-based template for boards and appropriate committees to assess deals as well as a practical set of approval processes, applicable to all transactions.
• This approach leads to systematic and efficient deal reviews and approval processes; it also provides a good platform to improve board and committee members’ effectiveness when it comes to approving M&A deals.
• Investors will increasingly demand that their invested companies oversee transactions in a systematic and robust manner. Companies should take their calls seriously.

See Participation Report on “Asian Business Dialogue on Corporate Governance 2017” for more information

Details

ACGA 17^th Annual Conference
Asian Business Dialogue on Corporate Governance 2017

Date: November 14^th (Tue) -15^th (Wed), 2017
Place: Trident Hotel Bandra Kurla (Mumbai, India)Theme: Nurturing Corporate Governance Ecosystems in Asia
Organiser: Asian Corporate Governance Association (ACGA)

Click HERE for more details.(External Link)