Navigating Successful Mergers & Acquisitions: What Directors Need to Know

Wednesday, November 16, 2016

2 p.m. ET/11 a.m PT

Join directors Stan Silverman and Jeffrey Chertoff and governance expert Patti Q. Connolly for an in-depth discussion on how the board can navigate M&A risk.

Mergers and acquisitions can be a path to profitability and growth or a shortcut to crisis and unfulfilled expectations. M&A has risen close to and in many cases is at the top of the activist agenda in an environment in which shareholders and a growing range of stakeholders are taking a much closer look at boardroom actions.
  
Most directors can cite many examples of looking on as peer companies merge, or acquire, and the combined firm does not deliver on the promises.  Questions top-of-mind for us:  What went wrong?  What can be fixed? Why was the promise unfulfilled? How does the board and management explain the ultimate success or failure of a merger and/or acquisition?
  
Directors must carefully assess the risks and opportunities and buy the right company for the right price at the right time. It is important to determine if executives from the combining companies have a shared view of the final integration and the intended results of the joined enterprises. 
Discussion points for the board in its critical role in reviewing an M&A transaction include:
 
What really is the strategic fit? Why is the deal being done? Is the transaction consistent with the acquiring firm's long-term strategy?  
Has the board assessed the reasonableness of the revenue and cost assumptions and benefits from expected synergies? 
Does the board really understand the risks inherent in the deal? 
Does the board understand the plan to help manage cultural differences in the integration plan?
Has the integration plan been reviewed? Who is heading the integration and what are the obstacles that could frustrate execution of the plan?
Has the board established a process for periodic updates from management during due diligence and timely and realistic updates on the progress of the integration plan?
Has the board reviewed past transactions? Has it conducted a post mortem review to determine which lessons learned may be applied to this transaction?
Speakers: 
Speaker Name: 
Stan Silverman
Speaker Title: 
Vice Chairman, Board of Trustees, Drexel University
Speaker Bio: 

Stan Silverman is the former president and CEO of PQ Corp. He also is founder and CEO of Silverman Leadership and is vice chairman of the board of trustees of Drexel University. Silverman earned a Bachelor of Science degree in chemical engineering and an MBA degree from Drexel University. He is also an alumnus of the Advanced Management Program at the Harvard Business School.

Speaker Photo: 
Speaker Name: 
Jeffrey Chertoff
Speaker Title: 
Board Director
Speaker Bio: 

Jeffrey Chertoff is a recognized financial expert with significant board audit committee qualifications and is an advisor to boards on financial and operational matters and with capital raising opportunities. He has been the CFO and a senior executive for a number of private and public companies and also served as a board member for several firms. In 2003, while at the Cantor Fitzgerald securities firm, he was honored as Executive of the Year by the Institute of Management Accountants for New York City.   

Speaker Photo: 
Speaker Name: 
Patricia Q. Connolly
Speaker Title: 
Executive Director, Drexel University's Center for Corporate Governance
Speaker Bio: 
Patricia Q. Connolly is Executive Director for Drexel University’s Center for Corporate Governance. While supporting and contributing to multiple boards of directors, she has brought energy and transparency to the task of corporate governance. Ms. Connolly’s background is a rare blend of corporate and nonprofit leadership. During her early career, she advanced through a series of positions at financial services firm PNC Financial Corp. This culminated with her role as vice president for the firm’s retail and private banking group. Here, she gained a firm grasp of the various principles that underpin the corporate world.
 
Ms. Connolly then applied her business acumen to the nonprofit sector, holding executive roles at prominent institutions such as the Philadelphia Museum of Art. She was able to infuse nonprofit operations with a new efficiency and cost-effectiveness that streamlined processes and positioned long-term success. Her contributions during this period included driving a 60 percent increase in annual donations to the country’s oldest natural history museum.
Speaker Photo: 
Benefits: 

    * 60 minutes--maximum value for time

    * Completely free to attend

    * Time for questions and comments

    * All participants receive a copy of the webinar materials after the event

    * Unbiased third party director education

Sponsor: 
Diligent Corporation

Speakers

Stan Silverman

Vice Chairman, Board of Trustees, Drexel University

Stan Silverman is the former president and CEO of PQ Corp. He also is founder and CEO of Silverman Leadership and is vice chairman of the board of trustees of Drexel University. Silverman earned a Bachelor of Science degree in chemical engineering and an MBA degree from Drexel University. He is also an alumnus of the Advanced Management Program at the Harvard Business School.

Jeffrey Chertoff

Board Director

Jeffrey Chertoff is a recognized financial expert with significant board audit committee qualifications and is an advisor to boards on financial and operational matters and with capital raising opportunities. He has been the CFO and a senior executive for a number of private and public companies and also served as a board member for several firms. In 2003, while at the Cantor Fitzgerald securities firm, he was honored as Executive of the Year by the Institute of Management Accountants for New York City.   

Patricia Q. Connolly

Executive Director, Drexel University's Center for Corporate Governance

Patricia Q. Connolly is Executive Director for Drexel University’s Center for Corporate Governance. While supporting and contributing to multiple boards of directors, she has brought energy and transparency to the task of corporate governance. Ms. Connolly’s background is a rare blend of corporate and nonprofit leadership. During her early career, she advanced through a series of positions at financial services firm PNC Financial Corp. This culminated with her role as vice president for the firm’s retail and private banking group. Here, she gained a firm grasp of the various principles that underpin the corporate world.
 
Ms. Connolly then applied her business acumen to the nonprofit sector, holding executive roles at prominent institutions such as the Philadelphia Museum of Art. She was able to infuse nonprofit operations with a new efficiency and cost-effectiveness that streamlined processes and positioned long-term success. Her contributions during this period included driving a 60 percent increase in annual donations to the country’s oldest natural history museum.

Benefits

    * 60 minutes--maximum value for time

    * Completely free to attend

    * Time for questions and comments

    * All participants receive a copy of the webinar materials after the event

    * Unbiased third party director education


Sponsor

Diligent Corporation