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Policies: Preparing for the “fillet”

Often just like defendants, much less victims in many cases, aren’t quite ready for the character analysis that takes place in a trial, so also are key constituents under prepared for the scrutiny individuals undergo in preparation for an IPO. This white paper burrows into the chasse of how to get ready to be exposed operationally, what to expect and how to prepare for regulatory/compliance issues (ERISA, OSHA, and other agencies) that many times companies didn’t know were going they were going to be accountable to. In it, you’ll garner exposure to nuances of employee policy handbooks, disaster recovery plans, disclosure policies, document retention policies, publicity policies; the art of balancing flow of documents with the need to collect the due diligence materials and scrub-a-dub-dub are overviewed. This is a must!




The multi-faceted and admittedly overwhelming process of regulatory compliance is daunting in any industry. One can quickly retreat into the adage of ‘ignorance is bliss’ or become so anxious in establishing the compliance necessary for your pending IPO that few potential investors will want to be seen with you let alone provide sizeable monetary support. How can you comply and honor the necessary requirements and not jeopardize the once creative and visionary leadership that has carried you to this now precarious pinnacle?

The subtle nuances of various internal processes and reporting mechanisms are in many cases the most vital indicator of a company’s seriousness in pursuing outside cash. These infrastructure ‘beams’ are rarely noticed until the foundation begins to sway or you begin to notice a crack in the ceiling above your head. Internal controls work best when never thought of. This paper will unmask the façade of brick and mortar and expose the integral connection of operational effectiveness by introducing the main components and why they are so important.

It is also essential to note the litigious nature of our society. While fear, or perceived fear of legal action, should not mandate our actions to work with integrity and order, legal action has made the ability to comply all the more intricate. For this reason, this paper is not intended to be exhaustive in the many resources of professional consultants within the risk management field. Such activity is a unique area of expertise that deserves specialist attention.

Why then is this overview important? Aside from reading the current headlines of corporate misappropriation of funds and accounting abuses, it is valuable in protecting and promoting the most important resource within your company - the human being. Not only are your endeavors to restore confidence in the external environment critical, you are also charged with establishing internal cultures and modes of behavior that honor compliance and appropriate government regulatory issues as new paradigms to doing business. It is understood that there are loud complaints about the cost of compliance, the deadening impact on business development and existing customers and the level of bureaucracy, and reporting now deemed necessary.

Compliance effectively managed and delivered, can be a source of competitive advantage; but how to prioritize what seems like a vast array of competing problems and issues? Similarly how do you communicate these advantages in a coherent mode and avoid the extremes of regulatory overload and insincere lip service. In a time of budget squeezes and tough competitive environments compliance costs can often appear to benefit nothing to the bottom line - or do they?

If the compliance issue is centered on the human element — you have successfully addressed the most important and most neglected factor in compliance management and in turn operational profitability. The first step is accepting that good compliance is good business, and that your reputation management can be a source of real difference in a competitive market. It is simply a matter of time. If people are the issue, compliance seeks simply to educate and inform. Rather than obsessing over a myriad of legal issues, train employees to the standard; explain the rationale, and correct deviations.

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Download the White Paper "Policies: Preparing for the “fillet”" for just $29.95.




 CAPITAL MARKETS
   Pink Sheets
   OTCBB

 BASIC BUSINESS SAVVY
   Advanced Financial Topics

 GOING PUBLIC
   Steps in the Process
   Requirements of Public Companies
   Tools & Templates
   Specialists

 REPORTING & COMPLIANCE
   Staying in SEC Compliance
   New Sarbanes-Oxley Regulations
   Structuring Your Company
   Tools & Templates

 GETTING FUNDING
   Preparing Your Business
   Finding Investors
   Pitching Investors

 FOREIGN COMPANIES
   Taking a Foreign Company Public

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