{ "docId": "019dd923-5ca1-7489-b636-a5c8f404e936", "docSlug": "0eecd7debfaa9618", "documentTitle": "The future of M&A 2022 M&A Trends Survey", "authorId": "Deloitte", "authorName": "Deloitte", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.778, "pageNumber": 29, "pageCount": 40, "prevPage": 28, "nextPage": 30, "slideType": "industry_trends", "function": "analyze_data", "density": "overcrowded", "nDataPoints": 10, "notes": "The slide uses a navigation sidebar indicating this is page 8 of 10.", "elementsJson": [ "headline_text", "action_title", "paragraph", "bar_chart_grouped" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5ca1-7489-b636-a5c8f404e936/29", "deckHref": "/decks/019dd923-5ca1-7489-b636-a5c8f404e936", "deckJsonHref": "/decks/019dd923-5ca1-7489-b636-a5c8f404e936.json", "deckAnchorHref": "/decks/019dd923-5ca1-7489-b636-a5c8f404e936#slide-29", "components": [ { "bbox": null, "kind": "callout", "text": "In the current economic environment, in which of the following areas are you seeing the board of directors, rather than management, take the lead during an M&A transaction?", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd951-ba8c-7422-8539-277d1e4f8ee2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.42, "x": 0.47, "y": 0.52 }, "kind": "chart", "text": "In the current economic environment, in which of the following areas are you seeing the board of directors, rather than management, take the lead during an M&A transaction?", "attrs": null, "subkind": "bar-grouped", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f1889e06-0c33-4252-866a-efdc5a7430cf", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "metric", "text": "Board involvement in M&A", "attrs": null, "subkind": "primary", "toolName": "Quantification", "toolSlug": "quantification", "confidence": null, "componentId": "019dd951-ba8c-7422-8539-2bf50393d19d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.42, "x": 0.04, "y": 0.49 }, "kind": "paragraph", "text": "These findings come with a caveat: this year's survey included a new response option—Responding to activist investor pressure—which ranked below the ones seen here but may still have kept year-to-year comparisons from being as direct as they otherwise might have been.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1f32c3e6-60e7-4c1c-b998-88bd3b225ef4", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.42, "x": 0.04, "y": 0.65 }, "kind": "paragraph", "text": "These responses are fairly consistent with those from another recently published survey by Deloitte—On the Board Agenda: Director Survey: How the Pandemic Has Set New M&A Priorities, which surveyed board members as opposed to management. Directors report a shift in their M&A role and a narrower focus on the earlier part of the deal life cycle, and their management teams perceive this as a lower overall level of involvement. It may also be that competing issues added to the board agenda due to the pandemic or the attention to ESG factors or other events have indeed left directors less involved in M&A matters.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d79cf249-fd16-453c-ab2d-97ecb77eb59b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.42, "x": 0.04, "y": 0.23 }, "kind": "paragraph", "text": "Sometimes corporate management takes the lead in M&A decisions and execution. Sometimes the board is more hands-on. What factors are most likely to get the board's attention? In general, responding dealmakers report that boards step in to focus on company strategy and to guide the engagement of external due diligence advisors. Our survey highlighted some other common reasons for the shift in control—and all but one of the top five reasons was less prevalent than in last year's survey.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "edda8277-a601-4f16-8bec-bf887f62f4ca", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.3, "x": 0.04, "y": 0.16 }, "kind": "title", "text": "Taking M&A to the boardroom level", "attrs": null, "subkind": "action-title", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "00ab754f-be68-47f1-b71c-923f628e74aa", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.25, "x": 0.04, "y": 0.05 }, "kind": "title", "text": "The boardroom", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ad17aab2-a732-4b01-9054-5dd3a2991eba", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Stakeholder map", "slug": "stakeholder-map", "agent": null, "layer": "slide", "matchId": "93790e23-f1d0-4b04-adbf-f77b634adb0f", "evidence": "These responses are fairly consistent with those from another recently published survey by Deloitte—On the Board Agenda: Director Survey: How the Pandemic Has Set New M&A Priorities, which surveyed board members", "confidence": 0.7 } ], "frameworks": [], "arcBeats": [ { "to": 38, "from": 21, "beatId": "9e21a798-58c7-4a66-b78d-917ce69cbbce", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Action", "beatSlug": "monroes-sequence-action", "evidence": "Managing M&A today and next steps", "position": 3, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }