Summary: <a href="http://complianceandethics.org/wp-content/uploads/2018/08/podcast-graphic-1024x1024.png"></a><br> <a href="http://complianceandethics.org/wp-content/uploads/2015/02/turteltaub-adam-200x200-150x1501.jpg"></a><br> By Adam Turteltaub<br> adam.turteltaub@corporatecompliance.org<br> When it comes to compliance due diligence during a merger or acquisition, the number one thing to know, says <a href="mailto:ingramk@iskamericas.com?subject=SCCE%20Acquisitions%20Podcast">Kasey Ingram</a> of ISK Americas, is that regulators expect it as a part of an effective compliance program.<br> Even if the regulators didn’t have these expectations, it’s just plain prudent, he argues. And, it helps the compliance department demonstrate the value it provides.<br> So how can and should compliance be involved? According to Kasey, it begins with having a seat at the table. Introduce yourself to the M&A team even before a deal is in the works. Deals happen fast; if you’re not there at the start you may be left out.<br> Once the deal begins, create a questionnaire for the business team to use to identify issues. Do a quick risk assessment even before you begin the questionnaire, looking at the industry and the company’s history.<br> The answers to your questionnaire can help identify potential issues which should be discussed with the M&A team. They can then decide if the risks are worth taking or even price them into the deal.<br> Also, recognize that when the deal closes the real work begins. Compliance needs to do additional due diligence, and the company may need to self-report if violations are found – there are strong incentives to do so.<br> In many ways, after the deal closes is the trickiest time for compliance. It’s essential to have a checklist of things you will need to do, and be prepared for culture clashes: no two businesses have the exact same culture.<br> Handle it all correctly and you could help both stem legal problems, and reduce internal friction.<br> Listen in to learn more. And for still more insights, consult the <a href="https://www.corporatecompliance.org/Products/ProductInfo.aspx?productcd=MANUAL">Complete Compliance and Ethics Manual</a>.<br>
