In light of an article that was published in Guyana Times on June 19, 2018, under the caption, “Teen allegedly molested by CC&PA Office”, Director of the Child Care and Protection Agency, Ann Greene, vehemently denied that an officer of the Agency was the perpetrator.CC&PA Director Ann GreeneDuring a telephone conversation with Guyana Times on Tuesday, Greene explained the officer who was implicated in the matter is the one conducting the investigation. She could not release information on the perpetrator but is adamant that her officer is not involved.The mother of the child however, is attached to another department within the Social Protection Ministry.She explained that an investigation was launched into the matter the moment it was reported to the officers at the CC&PA. She further stated that investigations have been completed and handed over to the Police for further investigation.“As we speak, the files is with the Police who will have to send same to the Director of Public Prosecutions (DPP) who will determine the way forward…,” she explained.However, she reprimanded Guyana Times for the “erroneous” and “misleading” article and more so threatened to take legal actions. She is of the belief that such articles put a damper on the work of the Agency.“We have been working around the clock in making sure children who were abused are protected and we will continue to make sure that is done…I am disappointed in the article…,” she related.With respect to the complainant, she explained that the CC&PA officers would have met with and updated them on the issue.The 13-year-old victim has reportedly told relatives of the instances when she had been molested by her mother’s lover, but was ignored after he denied the accusations when confronted.The teen continued to complain to relatives that the man would constantly attack her, but she was on several occasions forced to remain silent.An aunt explained that her niece confided in her school teacher, who later reported the matter to a family member.“When she told her mother, (her mother) ignored her and tells her to stop lying, so she felt frustrated and depressed and wanted to kill herself. One day she decided to call her father (my brother) and tell him what was happening, and he give me the phone because he couldn’t deal with it”.The woman said the following day she visited the CC&PA to file a report, but was later told that she has to file it in the jurisdiction in which the incident occurred.Following the allegation being reported, the Form Two student was examined by a doctor, and it was confirmed that she had been sexually violated.The aunt claimed that several weeks have elapsed since the matter was reported, and nothing has been done.The teenager is visibly traumatised; and according to the aunt, the teen is suicidal, since she blames herself for what had happened.
As the founder of a startup or expansion stage company, you’ll have a lot on your plate when the time comes to prepare your company for its exit from the market.In almost every situation, you’ll tidy up your business plan, financial statements, and cash flow projections, among many other things. But what about considering how antitrust regulation might affect your business? Is that something that you need to consider when you’re identifying market exit opportunities?Here’s the simple answer: Absolutely.The Obama Administration has already initiated more antitrust investigations during its first two years in office than the George W. Bush Administration did during its eight year tenure in Washington, D.C. The goal of the crackdown, as the head of the Justice Department’s antitrust division told the New York Times in 2009, is to restore the ultimate purpose of antitrust laws: protecting consumer welfare.And while every startup and expansion stage business would love to hit the IPO jackpot, the reality is that most successful exits involve those companies being acquired by much larger companies. With that comes the inevitability of antitrust concerns.Here are a few questions that companies must consider while they lay out their exit strategy:Why should startup and expansion stage companies in the process of being acquired care about antitrust regulation?The risk of investigation is far higher in this political climate and that must be accounted for when you identify market exit opportunities. The potential costs associated with an antitrust investigation can break the back of most M&A opportunities.One example of the exponential expense of antitrust investigations is Google’s current attempt to defend itself in several different antitrust cases (including one in which it’s setting aside $500 million for a potential settlement of the Department of Justice’s probe into monopolistic practices).In fact, Reuters’ Rob Cox points out that antitrust investigations have played a large role in slowing down several of Google’s attempts to acquire smaller startup technology companies recently. The cost of those investigations can cripple deals and start-up companies too often fail to account for those potential costs when trying to identify M&A suitors.When should a startup company start factoring in antitrust risks during its search for potential suitors?In general, antitrust risk should be factored into the identification process if the merger or acquisition will make the acquiring or merged company the dominant player in the market (a market share leader with the ability to influence prices).Things get a little more complicated with innovation industries, as regulators will often consider technology trends and market share trends when determining whether or not to investigate a transaction. That means that potential suitors in those markets will likely factor in additional risk in circumstances where a startup is gaining market share rapidly or is altering the landscape of a market with the introduction of new technologies.But how can startup companies use that information to establish competitive positioning in the M&A market?Startup companies can use this information to more precisely estimate their company’s value to a potential M&A suitor, which can be used to rank exit options.Businesses that are being acquired should also acknowledge that capital is tight in the current economy and they should target a diverse group of potential M&A suitors. The traditional bolt–on acquisition multinationals like IBM are not as active in today’s market. By opening doors to a more diverse suitor base, companies will also ensure a more flexible and effective company exit strategy.So, do you know how an antitrust investigation might affect your exit strategy?While startup and expansion stage executives have plenty to think about when they formulate and execute their market exit, it’s crucial to understand and prepare for how antitrust laws might impact it.If you need to brush up on the history of antitrust laws and how they continue to impact today’s market, check out Investopedia, which does a great job of detailing the purpose and enforcement of antitrust laws. The U.S. Small Business Administration also provides some excellent information, including the Plain English Guide to Antitrust Laws and its Antitrust Compliance Assistance resource center.You may think your company is fully prepared to execute its exit strategy. But if you haven’t accounted for your antitrust risk, then you’re missing a critical piece of the M&A puzzle.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to PrintPrintShare to EmailEmailShare to MoreAddThis