Good governance can be a big sell for IPOs
A firm can signal governance intent with board diversity and going beyond number of prescribed independent directors.
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AT A recent preparation meeting for an initial public offering (IPO), a question which I've heard repeatedly at such meetings was posed to the company's managing director: "So, what's your narrative that makes this IPO compelling?"
His answer: "Don't worry, we have an interesting company story, our financials are strong, and, therefore, our IPO will be highly sought after."
The managing director missed the point.
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