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
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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.
I also recognize that mergers can be emotionally charged; however, I have to treat this agreement as a marriage between, Michael Jordan and Madonna. Both are successful in their arena, and they both have many valuable assets, as a result, I must ensure they maintain the integrity of their business and still function as a whole. Therefore a prenuptial agreement will be signed before pen and ink is put to the paper. All areas of discomfort and allegiances would be addressed. I am also very big on the needs of the people, so I will ask each employee to address their needs, wants, joys and values. I see that as vital because everyone inputs is important to the organization. My experience as a leader is unheard people operate in an opaque fish bowl, they all know that they are in it; however, they can’t see the other side clearly. I will have separate meetings one in India, and one in California. Yangsearch has a very entrepreneurial spirit; therefore, it breathes decentralization. With that in mind, I have to get everyone on the same playing field and show
Meeting management tends to be a set of skills often overlooked by leaders and managers. The following information is a rather "Cadillac" version of meeting management suggestions. The reader might pick which suggestions best fits the particular culture of their own organization. Keep in mind that meetings are very expensive activities when one considers the cost of labor for the meeting and how much can or cannot get done in them. So take meeting management very seriously.
2. When an acquisition takes place, there is usually a lot of concern on behalf of all the company’s employees. Not only the company that is being acquired also by the company that is doing the acquisition. Usually there will be jobs lost, consolidation of positions, promotions, demotions, etc. It is the responsibility of the Human Resources Department to ensure
Board or Steering Group meetings to discuss strategic issues/direction. These meetings have a Chair person and the discussion and actions are recorded. Agendas and minutes
A formal notification document, distributed from the Manager, by the way of an email to all employees of the business, is to distil an honest and concise rationale for the need of restructuring, and for the layoff of some staff to occur. This document will consist of the detailed reasoning, and include the history behind the current restructure. Also included will be the business vision, goals & objectives, and the outlook towards redevelopment and future growth. It provides an explanation on, how all efforts to prevent staff reduction were exhausted, and shows a positive perspective for the remaining staff to value. There is a statement included, of the time for the anticipated changes to occur, and notification of the resources made available to the affected staff for implementing support. Furthermore provided, are contact details for any staff queries and for more information as required.
Major changes have occurred for financial reporting for business combinations beginning in 2009. These changes are documented FASB ASC Topic 805, “Business Combinations” and Topic 810, “Consolidation.” These standards require the acquisition method which emphasizes acquisition-date fair values for recording all combinations.
5. Merger/Final Agreement. This Agreement merges all prior agreements and understandings of the parties. This is the final Agreement of the parties and this Agreement contains all of the duties, obligations and rights of the parties. Any term or condition omitted from this Agreement (and which is not part of any schedule), is not intended to be a part of this Agreement. No oral agreements have been made except as set forth
activism and conflicts of interest of CEO’s merger opportunities. Also key to note is the fact there was
Hostile takeovers are no longer common as they were in the 1980s. However, legal and ethical issues still surround mergers and takeovers (Thomas, 2009). This document examines and identifies legal and ethical issues which the merging parties should consider before, during and after a merger. The document will also look at measures of managing these legal and ethical issues.
A merger is a partial or total combination of two separate business firms and forming of a new one. There are predominantly two kinds of mergers: partial and complete. Partial merger usually involves the combination of joint ventures and inter-corporate stock purchases. Complete mergers are results in blending of identities and the creation of a single succeeding firm. (Hicks, 2012, p 491). Mergers in the healthcare sector, particularly horizontal hospital mergers wherein two or more hospitals merge into a single corporation, are increasing both in frequency and importance. (Gaughan, 2002). This paper is an attempt to study the impact of the merger of two competing healthcare organization and will also attempt to propose appropriate
You have decided to organise a celebratory barbeque at a nearby municipal park that has both gas and wood-fired barbeques. There is usually a supply of dry wood there. There are several fixed tables with seats, in the open. There is a small covered gazebo in the park. You will need to set the date, decide on the number of guests, menu and catering arrangements (BYO or other). You have enlisted several of your friends to assist in the planning and organising of your barbeque.
The press release was created to improve and build on our rapport with our employees, customers, investors, shareholders, and the general public. This release will help facilitate a perception about the risk and profitability of our business that will transform the public opinion. Upon completion of the investigation by the SEC, a follow-up release may be required.
I can understand why the administrators did not tell the employees. I can see the concern about employees leaving the company; however, if employees could possible lose their jobs, I feel that the company would have an ethical obligation to tell their employees about the merger. Yes, I feel that honesty to the employees of this company would have been beneficial for the company. I understand that when a company is going through a merger, the company is going through hard economic times, and the layoffs of employees are simply one of the downsides to economic hardship. I still feel; however, that this company should have been honest
It is important for the company to maintain healthy relationships with its stakeholders so is to continue growing at the same rate. In the past, Roach has faced several issues in regards of maintaining relationship with the stakeholders of the organization that further include media reports and they have many issues due to misinterpretation and miscommunication. It would be beneficial for Roach to avoid previous mistakes in regards of his stakeholders that company made and increased the level of communication with the media to increase the organizational knowledge among them (When Supply is of Public Interest: Roche &, 2009).
The decision for a company to merge with another company, especially a rival firm, can be both rewarding and challenging at times. In an effort to ensure that businesses do not attempt to merge with an intention to deceit, the Federal Trade Commission was established. The Federal Trade Commission (FTC) defined as an “independent federal agency whose main goals are to protect consumers and to ensure a strong competitive market by enforcing a variety of consumer protection and antitrust laws” (Investopedia, 2015). The FTC has the responsibility to ensure that businesses are adhering to good business practices and following business rules. If violations are discovered, the company needs to be handled in accordance with the laws set