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The Importance of Cultural Integration in Mergers and Acquisitions 14 March 2002, Shanghai Kwan Chee Wei Director Human Capital Group Watson Wyatt Singapore Agenda Agenda ‘Cultural People’ Issues Often Present the Biggest Challenges Watson Wyatt M A Survey 1998(190 CEOs, CFO, Top Executives) Corporate culture is identified as one of the most important integration issues Cultural incompatibility is the biggest problem, yet results indicate that it is the area least likely researched during due diligence. Reasons for successful integration Additional M A Statistics 1992