M&A Governance

Agenda

• NewCo Vision
• Guiding Principles
• Steering Committee: Roles and Responsibilities
• IMO: Roles and Responsibilities
• Team Leads: Roles and Responsibilities
• Integration Manager: Selection Criteria
• Steering Committee: Key Planning Deliverables
• Integration – Weekly Meeting Process

Guiding Principles

• Live our values — no compromise
• Work together — no “us and them”
• Act with urgency — make decisions quickly
• Be accountable — deliver on our integration objectives
• Be courageous — we will fix mistakes we make
• Keep it simple — don’t over-complicate
• Integration is the priority for those on the team
• Others stay focused on running our businesses well
• Treat those leaving with dignity and respect

Steering Committee Roles and Responsibilities

• Provides strategic direction & sets priorities
• Has ultimate ownership and decision-making authority
• Pushes M&A integration team to exceed targets
• Resolves major escalated issues and removes barriers
• Ensures appropriate resources are provided

IMO Roles and Responsibilities

• Manages overall integration effort through all phases
• Establishes timing and milestones
• Holds team accountable for meeting milestones on time
• Creates required reporting and project management templates
• Onboarding and training for integration team
• Solves “ad hoc” integration issues & raises decision needs to SC ...