OECD : Guidance on Change of Ownership in Hazardous Facilities (2018)
The OECD Guidance on Change of Ownership in Hazardous Facilities is a concise document providing a framework to assist stakeholders to identify, understand and minimise the risks during and after a change of ownership at a hazardous facility, and help make the change of ownership a better informed process.
The guidance provides:
- A list of risk drivers prior, during and after the change of ownership;
- A set of self-assessment questions for the original owner and for the prospective owner so that they can evaluate how well their organisation is managing the ownership change;
- A “template for transparency” as a structured approach to carrying out technical due diligence with a list of documents and information which those selling a facility should be expected to provide;
- A list of factors for the regulators to consider before, during and after the change of ownership.