These days, few deals of any size in Canada are completed without a fairness opinion. But fairness opinions from advisors with a conflict of interest can prove troublesome and invite criticism. Boards need to critically assess the independence of the fairness opinion provider and the quality of the opinion to ensure it is meaningful. Fairness opinions that can stand up to such scrutiny do more than just improve optics. They provide crucial, unbiased information that boards need for decision-making.
To learn more, we invite you to download the attached article by Helen Mallovy Hicks and Domenic Marino, which appeared in the June, 2013 issue of Lexpert Magazine.