A thorough analysis will help avoid unpleasant surprises and can also provide significant leverage during acquisition negotiations.
When acquiring a company, it is crucial to review all aspects of its health and safety management. Otherwise, a new owner could find themselves responsible for the consequences of events that occurred prior to the acquisition. Lawsuits, fines issued by the CNESST, or costs related to accidents that occurred prior to the acquisition can significantly impact a company’s financial record with the CNESST and consequently, affect its future profitability.
As part of a continuous improvement process, companies that are proactive regarding health and safety conduct periodic external audits of prevention and compensation management. This helps provide a realistic and impartial picture of prevention, compensation, and financing management.
