An extended episode today as Robert and Toby are joined by special guest, Daniel Levy from Melbourne based Kidder Williams, to talk about the multi-faceted topic of compliance and the implications on the deal outcome if overlooked. Kidder Williams Providing Corporate Advisory and Investment Banking services to private and ASX-listed companies,We start off by letting Toby have a regular rant, and this week he's having a bellyache about culture and how cultural change should be addressed as an engineering challenge that is resolved by pulling a series of levers. I have to say I agree with him, but I'm equally certain we will upset a lot of HR people in the process.Then it's on to compliance - whether it's regulatory compliance, ethical compliance, statutory compliance, or one of the thousands of industry compliance standards, they are all important to a business' ability to operate, and neglecting these areas can have significant consequences in M&A. Robert And Toby offer their thoughts before we offer Daniel Levy's thoughts from his pre-recorded session earlier this month. Whichever way you look at it, compliance is one of those everyday M&A topics that should be almost automatic, but it's sometimes missed. Let us know what you think?And last but not least, we finish with three of the late Les Hayman's 'tips for managers' and this week's offerings of sagely advice are?: If you can’t explain it in just a few sentences to an outsider, it is too complex Many senior people think they are great speakers … most aren’t … practice is key.Don’t beat around the bush … be specific … vagueness is confusingThat's it folks!  We'll be back next week with more M&A Stories.