The Board's Role in Defending Against Hostile Bids

Unsolicited/”hostile” bids comprise an increasingly significant portion of M&A volume. To minimize the risk of its company becoming the target of a successful hostile bid, a board of directors must put in place preventive measures that will allow the company to prepare for and defend against hostile activity was the main focus of this panel. The board always must keep in mind that a hostile bid presents a serious risk that control of the company will change and that being unprepared significantly increases that risk.