A major transaction requires participation and hard work from all board members. While audit committee members have a special role to play in reviewing the financial implications of a deal and monitoring post-transaction performance, the burden of oversight must rest with the whole board. With the support of independent experts, and through proper monitoring before and after a transaction, members of the audit committee can provide vital guidance to the full board to protect and enhance shareholder value.
Read the full paper, published by Tapestry Networks and Ernst & Young.