Partner Zane Memeger is quoted in a CFO Magazine article about the US Department of Justice’s new “safe harbor” policy to encourage companies to disclose and fix misconduct of an acquired business. Zane discussed the important role of due diligence in identifying potential trouble spots.
By finding red flags in due diligence, “when you put your team on the ground for transition purposes, they know where they need to start digging to try and figure out whether or not there are issues that need to get fixed or get disclosed to the government to protect the longer-term interests of the company,” Zane said.