Board members need to be ready for any obstacle—new legislation, an activist investor, or suddenly becoming an acquisition target.

Once a company is a target, a board requires an accurate internal forecast to estimate future performance. But what happens when there are multiple sets of internal forecasts? How can boards challenge various projections to land on a single set that is accurate and defensible to shareholders, plaintiffs and courts? Law firm Cleary Gottlieb addresses three situations that boards of targeted companies may find themselves in and the questions they should ask to best position the company. Read More…