June 19, 2020 at 5:38 am #111768
Billy Fok Kam LuenParticipant
Once the deal is been SIGNED, understand that there will be steering committee. My question is who is suppose to lead this team.
even though both companies have their expertise, culture, method of working, and have their own agenda. how to ensure the whole process is smooth without any conflict and disagreement?June 23, 2020 at 8:11 pm #111827
The the buyer should lead since they will be steering things on going forward. There will be have to be members from the target company but not the majority as the buyer is trying to meet the right synergies to make the deal successful.June 23, 2020 at 9:09 pm #111830
Nancee Roberson caldwellParticipant
I think the buyer leads the steering committee but gets someone from the sellers team on the committee asap. Someone with background and history but who can also play politics and help lead the buyer through the transition. I am learning more and more that the deal is made after the paperwork is signed and that is when you can make or break a deal.June 29, 2020 at 4:41 pm #111924
I believe it makes more sense if the Buyer leads it and have key participants from sellers side.June 29, 2020 at 4:47 pm #111927
I think it depends upon overall objective of buyer for which it started M&A in the first place; however it is highly advisable to involve someone from the target company to ensure sought objectives are met.August 1, 2020 at 10:27 pm #112446
I would suggest the Buyer lead the steering committee with key individuals from the acquired company on board. Past practices, historical transactions, and a general understanding of operations is key in determining objectives to move forward successfully. From the Buyers team, appointing someone in the lead role, potentially from finance or operations, will provide a central point of contact and decision maker. This person will work with individuals from a variety of departments, depending on the type of company, to ensure communication and decisions roll out smoothly.August 4, 2020 at 8:44 am #112481
A member of the ExCo of the Buyer should chair the Steering Committee, with a clear public mandate from the Buyer organisation and their financial backer. The Steering Committee becomes the ExCo of the combined organisation, ensuring clarity of agenda and avoidance of conflicting messages and power-plays.August 5, 2020 at 7:16 am #112488
Deepak kumar swainParticipant
I would recommend a senior member from the buyer’s organisation to lead the steering committee. this individual should have enough experience/understanding of the buyer company’s operation and business. this individual should able to work with multiple stakeholders from different departments as well as with the acquired company.
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