The marketplace is becoming increasingly digitized and boards would be lax not to consider the benefits of technology in preparing for an IPO.
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If leadership has its eyes on an IPO it will want to align corporate governance policies to meet regulatory standards before their IPO.
The idea of moving to a contemporary governance model that includes balancing short- and long-term planning is projected to be a good thing for governance.
When a company announces an IPO, shareholders will expect them to abide by the Sarbanes-Oxley Act and to practice good corporate governance.
Snap Inc. only sold 200 million shares with little time before the IPO window closes, meaning they risk losing their status as a publicly traded company.
Board directors of private companies act as advisors to the CEO, whereas board directors of public companies have experts advising them.