(Westlaw کسب و کار) پس از فروپاشی انرون, WorldCom and several other major multi-national companies, the capital markets experienced the Era of Accountability 1.0, که شامل عبور از ساربانز - Oxley ("Sarbox") به 2002. Sarbox استانداردهای جدیدی را برای هدایت و حکومت به تابلوهای شرکت های عمومی از مدیران و صاحب منصبان را به ارمغان آورد, new and more stringent reporting requirements, stronger internal controls and stiffer penalties for non-compliance. همچنین تحت تأثیر قرار می تمرکز و عمق M&استاندارد به علت سعی و کوشش, which began to take deeper dives into issues of financial reporting, objectivity and verification.

کمتر از هشت سال کوتاه بعد, ما وارد عصر پاسخگویی 2.0. انتخاب باراک اوباما و تعهد دولت به شفافیت, نقش دولت در طرح نجات, از جمله TARP, شکست بانک ها و شرکت های خودرو, رسوایی Madoff, رکود اقتصادی شدید و بی اعتمادی جهانی در وال استریت جمعی در حال کمک به افزایش در نیروی انسانی در کمیسیون بورس و اوراق بهادار (SEC), انتظار از فعالیت های دولت اجرای شدید در زمینه های گوناگون, و امکان از استانداردهای GAAP جدید. These evolving developments in turn are elevating, expanding and refining the portfolio of due diligence best practices in M&A, financing and other core business transactions.

I am not implying that graduation from 1.0 به 2.0 involves a tectonic shift in due diligence best practices. م&شیوه ها و اسناد به طور کلی در ادامه در بازه های کوچک طراحی شده. گاه به گاه استثنا وجود دارد, such as the fairly rapid and widespread move to electronic data rooms. And responses to sweeping legislative and regulatory developments are necessarily fast-paced. The adaptation of acquisition agreements and processes to the pre-acquisition notification requirements of the U.S. Hart-Scott-Rodino Antitrust Improvements Acts of 1976 is a notable example.

The government intervention of the last year triggered in large part by excesses that exploited a flawed regulatory regime is so sweeping, fueled by intense and enduring public outrage, that due diligence best practices inevitably will respond to the challenges of a more highly regulated economy in which buyers and sellers must live under the microscope of vigorous government enforcement and intense public scrutiny. This response in large part should encompass a reaffirmation of existing best practices. بر این اساس, much of our discussion below emphasizes these practices as prevailing in the Era of Accountability 1.0. Although the anticipated changes in practices are likely to be incremental, in the context of ever-expanding government regulation and enforcement activities, the new environment merits a 2.0 designation.

از طریق تحلیل خوش آمدید: علت سعی و کوشش در عصر پاسخگویی 2.0.