1. Assume the following hypothetical scenario: You are the compliance supervisor for a privately owned medical devices company. To date you have handled healthcare compliance related issues for the company. However, you have just received an email from the CEO stating that the company intends to go public sometime early next year. Unfortunately, the CEO does not realize that healthcare compliance is a completely different regulatory framework than that of securities compliance. So you’ve decided to enlist the company’s general counsel, assistance of outside counsel and perhaps a consultant firm, in order to assist the CEO in compiling a going public team within the company.
2. Per your knowledge of the securities laws, prepare a going public assembly line, complete with a going public team and execution timeline to bring with you to a meeting with the outside counsel and consultant firm, to determine what services you may need.
3. Discuss at least 2 concerns regarding disclosures, including accounting and legal.
(a) Additionally, be sure to include what type of disclosures may be needed to prepare,
(b) what kind of expertise should be hired for the team, and
(c) whether your company has employees who may assist the team.
4. Your discussion should include at least 2 different team members that fulfill separate roles in the going public process.
5. Describe how you might have advised a compliance supervisor how to adjust their going public analysis.
6. Discuss compliance requirements, including how they relate to the going public timeline.
(a). Your reply should discuss at least 2 different roles on the going public team, as well as
(b). at least 2 concerns regarding disclosures.
(c). Replies should be provided in a narrative format to the compliance officer and total at least 4 paragraphs.