Private Company Governance: Preparing for Sale

Corporate partner Doug Raymond and associate Erin McKevitt coauthored an article for Directors & Boards titled “Private Company Governance: Preparing for Sale” that discusses the board’s role in in a company’s decision to sell.

The authors highlight that the board should take an active role in every step of the process, from deciding to sell to preparing for sale to choosing the right buyer, as well as being mindful to uphold its fiduciary duties of care and loyalty. The article also provides suggestions on addressing conflicts of interest so that they don’t impact the board’s evaluation and negotiation of the potential transaction.