ASIC’s Moneysmart financial guidance1 describes an independent expert report as a report providing shareholders with unbiased advice on the pros and cons of a potential transaction. Independent expert reports may be used for:
The report is designed to evaluate and assess the fairness of the planned transaction and the implications of it proceeding or not proceeding. In many cases the report is required due to a transaction involving related parties or parties of influence because of the potential for conflicts of interest.
An independent expert report usually includes:
Some companies may choose to commission an independent expert report even if they are not legally required to.
Breakaway Research personnel has experience in preparing experts reports and holds an Australian financial services (AFS) licence required to provide financial product advice,
Breakaway Research also has access to specialists if required, particularly associated with less common project types and jurisdictions.