SPECIFIC SERVICES WE PROVIDE

• Monitoring financial and operating results to ensure that a business unit in transition remains competitive
• Developing  policies and procedures to satisfy the need for operational separation  between a corporation and business units being divested
• Monitoring and assessing the transition to the new owner for a business being divested
• Providing  direction to the management of a Held Separate Business to assure the  continuance of “normal” business operations and practices
• Assessing systems security and recommending solutions to assure information systems are segregated
• Developing a framework and a process for the protection of Competitive or "Material Confidential" Information
• Reviewing benefit programs to assure comparability in order to avoid disruptions amongst employees of divested businesses
• Facilitating communication between the regulatory agencies, the respondents and the purchasers of assets being divested
• Reviewing and approving transition plans and temporary transitional services agreements involving the transfer of assets
• Reporting formally and informally to federal and state regulatory agencies
• Facilitating the resolution of the many issues that normally arise during a complex transaction
• Advising the parties involved in the transaction on the approach to be used based on best practices from past lessons learned

When BYG, INC., was operating under the R. Shermer & Company name, we wrote a White Paper regarding Held Separate Businesses, the reasons they are used and in which instances they may be employed.
(If interested in reading this paper, please see the Downloads section, below.)

The  formal responsibilities and legal obligations of BYG, Inc.'s service as a monitor or trustee are detailed in the following  documents:

To  view a representative Decision and Order, outlining the duties of a  Monitor, chick here and select "Decision and Order" under September 2,  2011

To view a representative Monitor Agreement, click here and select "Appendix C" under May 25, 2012 

To view another example of a Monitor Agreement, click here and select "Exhibit F"

To view an "Order to Hold Separate", click here
 

To view a Federal Court Order on the appointment of an Asset Maintenance Monitor click here: 


To view a recent "Order to Hold Seperate" click here: