As transaction markets recover from the great recession, their volumes continue to grow as prices and values recover. For those who have weathered the storm, however, assessing and ensuring a fair transaction price has taken on new importance, giving further prominence and credence to an old mainstay of the transaction process: the fairness opinion.

In the final installment of the Advanced Webinar Series on Valuations for Business Transactions, John Ashbrook discusses the methodology that goes into crafting a sound and reliable conclusion fairness. From the assessment of value to the authorship of the report for its intended audience, this presentation will cover what all appraisers should know when determining an opinion of fairness.

• Overview of fairness opinions
• What is a fairness opinion?
• When should a fairness opinion be obtained?
• What is the Business Judgment Rule?
• The process of executing a fairness opinion
• The fairness committee
• Critical information
• Due diligence
• How does a fairness opinion differ from a typical business valuation?
• Regulatory issues
• Case studies

• Define the purpose of a fairness opinion
• Identify when and why a fairness opinion is required
• Define the process by which fairness opinions are created and consumed
• Associate discounts for lack of marketability and control with the level of ownership when creating an opinion of fairness
• Identify the financial regulations that govern fairness opinion requirements