The Use of Special Committees in Management LBOs and Other Conflict Transactions

Autor:	Mitchell S. Presser, Andrew R. Brownstein, David E. Shapiro
Rok vydání:	2000
Předmět:	Finance Economics and Econometrics business.industry Process (engineering) media_common.quotation_subject Conflict of interest Accounting Private equity State (polity) Shareholder Realm Economics Corporate law business Database transaction media_common
Zdroj:	The Journal of Private Equity. 3:23-37
ISSN:	2168-8508 1096-5572
DOI:	10.3905/jpe.2000.319957
Popis:	With the continuing surge in mergers and corporate takeovers in the realm of both public and private equity transactions, parties to these dealings are wise to examine carefully the role of the board of directors. Officers and directors, as well as management, may face a conflict of interest as they implement corporate change-of-control and other significant transactions. To effect a smooth transaction it is critical that precautions are taken to assure the “fairness” of the transaction and the process under state corporate law standards. This article examines the use of an independent, “disinterested” special committee in such a transaction. The committee9 proper function provides protection against potential legal challenges by disgruntled shareholders or competing bidders.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::aa1ddf6849ff944b54296c4df048c52f https://doi.org/10.3905/jpe.2000.319957 Zobrazit plný text záznamu