June 30, 2021 at 11:43 am
#38786
OOI LENG TAY
Participant
It depends the role and the influence of founder in the target company. Is the branding or performance of the target company highly depends on the founder? Under a comprehensive due diligence process before the merger being completed, the relevant possible departure of founder would have been identified and a comprehensive PMI would have been in place. A good and comprehensive PMI would have covered the potential departure of founder if he is required to be in the company for certain post merger period including legal binding for the undesired consequence as a result of founder resignation if required.