<em>NACD Directorship</em> quotes William McGuinness and Philip Richter on mitigating and circumventing risk in M&A situations

NACD Directorship quotes William McGuinness and Philip Richter on mitigating and circumventing risk in M&A situations

NACD Directorship quoted corporate partner Philip Richter and litigation partner William McGuinness on mitigating and circumventing risk in M&A situations, the focus of a roundtable hosted by Fried Frank and the NACD last year. "It just strikes me as an emblem of the times that the popular press at this point holds the business community in such widespread disrepute that both sides of the deal are behaving as they are for improper, inappropriate reasons," said Mr. McGuinness. On hiring M&A advisors, Mr. Richter said, "From the board's perspective in hiring advisors, all advisors have relationships, whether it's personal relationships or financial relationships... The key is to understand what those types of conflicts are, get them out on the record early and have a record that the board has thought about it."

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