Boards need better guidelines if they hope to stop the string of M&A disasters of the past decade
In recent years, institutional shareholders have been seeking to protect their interests by putting more and more pressure on boards of directors. Nowhere has this pressure been greater than in the high-stakes area of mergers and acquisitions (M&A). Boards need better guidelines for screening potential acquisitions if they hope to stop the string of M&A disasters of the past decade. But how can directors best respond to shareholder interests and provide value-added advice on M&A opportunities?