The role of the Board after close

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  • #91235
    Veronica R
    Participant

    What have you seen in terms of the role of a board for a privately held company once they are acquired? There is certainly a possibility that they may be part of a steering committee but also a possibility that their job may be done if their goal was to support an exit strategy for the owners of the privately held company. In my experience, sometimes the Board has too little knowledge of the day to day workings of the company to be of much assistance to the integration team. Other times a board member or two has had a history working in the business and can continue to serve as an adivsor through the integration until the transition phase winds down.

    #93214
    Ronald Mak
    Participant

    In many acquisitions, there’s a change in leadership, and the acquiring company may appoint new executives or integrate existing leadership from both companies. This can lead to a shift in the composition of the board. The board plays a crucial role in overseeing the integration process. This includes aligning the strategies and cultures of the two companies, addressing operational synergies, and ensuring a smooth transition to achieve the desired objectives of the acquisition. While the day-to-day operations may be overseen by the management team, the board retains a strategic oversight role. They may be involved in decisions related to the direction of the integrated entity, key investments, and overall business strategy.

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