Specific Services We Provide
In the course of these engagements, we perform a number of specific services. These various roles include:
- Monitoring financial and operating results to ensure that a business unit in transition remains competitive
- Developing policies and procedures to satisfy the need for operational separation between a corporation and business units being divested
- Monitoring and assessing the transition to the new owner for a business being divested
- Providing direction to the management of a Held Separate Business to assure the continuance of “normal” business operations and practices
- Assessing systems security and recommending solutions to assure information systems are segregated
- Developing a framework and a process for the protection of Competitive or "Material Confidential" Information
- Reviewing benefit programs to assure comparability in order to avoid disruptions amongst employees of divested businesses
- Facilitating communication between the regulatory agencies, the respondents and the purchasers of assets being divested
- Reviewing and approving transition plans and temporary transitional services agreements involving the transfer of assets
- Reporting formally and informally to federal and state regulatory agencies
- Facilitating the resolution of the many issues that normally arise during a complex transaction
- Advising the parties involved in the transaction on the approach to be used based on best practices from past lessons learned
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R.
Shermer & Company's White Paper "The Held Separate Business"
provides insights into a number of the factors critical to the
development of HSB's and documents some eleven lessons learned from our
firm's experiences. If you would like to download a copy, please click on the
document.
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| Formal Duties and Obligations |
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