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Planning The Annual Meeting With A Twist

Decent Essays

Priyanka Golwala
10.07.2015
Problem 5-C: Planning the Annual Meeting with a Twist A publicly traded corporation is obligated under Federal law to disclose any changes. Therefore, a merger with another corporation is a major development that must be disclosed to everyone involved with the corporation based in California. In order to make this merger a smooth transition, it is important to have the both corporations and their executive teams meet to discuss the phases of the merger and how to divisively announce changes to their stakeholders. After the board of directors pass the decision to merge with one another, both of the involved corporations’ CEOs, public relations teams, human resources teams, and legal teams need to meet and …show more content…

The business media will have a lot of speculations and this can lead to questions and concerns from both employees and shareholders. To manage the communication with stakeholder group individually, it is necessary for the company to get ahead of the media’s speculation and legal obligations for us to disclose this development.
First, we will need to address employees through their direct supervisors. It will be most effective to send an email on Monday to notify supervisors of a meeting that week, on Wednesday, which will be done via teleconference. During this meeting, the VP of human resources, the PR team, as well as the CEO will all be present to address concerns. The CEO will announce the merger that will take place, and that this will allow the company to expand with its products and services. Unfortunately, this merger requires the company to consolidate departments and change job descriptions for many positions, which means many jobs will be eliminated from both companies. After her announcement, the VP of HR will provide the resources available for all employees, which include: a 24 hour HR hotline and a severance package for all employees who continue to work after this news.

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