Assess whether management can run this without the founder (a57611)

SITUATION After a founder who will not sign a non-compete, post-merger systems-integration risk register is what working-capital true-up analyst can touch in a cross-border deal with earnout-heavy structure. M&A Due Diligence will live with Proceed versus Reprice on this Separation and Integration file.

DECISION Working-capital true-up analyst in a cross-border deal with earnout-heavy structure must choose Proceed / Reprice / Walk / Hold using post-merger systems-integration risk register after a founder who will not sign a non-compete.

HYPOTHESES TO TEST 1. Post-merger systems-integration risk register reads as Proceed once a founder who will not sign a non-compete is lined up to the same M&A Due Diligence population. 2. Post-merger systems-integration risk register is closer to Reprice after a founder who will not sign a non-compete; Proceed would over-claim this Separation and Integration extract. 3. Walk is still live in post-merger systems-integration risk register for working-capital true-up analyst in a cross-border deal with earnout-heavy structure. 4. Post-merger systems-integration risk register is missing the fact working-capital true-up analyst needs after a founder who will not sign a non-compete; stop this M&A Due Diligence close.

ANALYSIS REQUIRED 1. Tie quality-of-earnings, working-capital, and contingent items in post-merger systems-integration risk register to management can run this. 2. Name the document working-capital true-up analyst still needs before signing. 3. Test whether a founder who will not sign a non-compete is a diligence gap, a price chip, or a walk-away. 4. For this M&A Due Diligence Separation and Integration file, read post-merger systems-integration risk register against a founder who will not sign a non-compete and write the one fact that would move management can run this for working-capital true-up analyst.

RECOMMENDATION Choose Proceed / Reprice / Walk / Hold on this M&A Due Diligence / Separation and Integration packet (post-merger systems-integration risk register after a founder who will not sign a non-compete). The follow-on Separation and Integration action is what working-capital true-up analyst does next: implement the option, assign an owner, and log the missing fact.

COMMAND RETURNS - Bottom-line M&A Due Diligence option on management can run this, then the evidence in post-merger systems-integration risk register, then the action for working-capital true-up analyst - Hypothesis scorecard against post-merger systems-integration risk register: supported / rejected / untestable - Separation and Integration finding in post-merger systems-integration risk register that a second reviewer can re-perform - Missing page in post-merger systems-integration risk register after a founder who will not sign a non-compete, if any