Corporate Compliance and Due Diligence Requirements for Key Officers

Reports indicate that firms must maintain tidy financial books and records and address red flags before selling all or part of their business. Key roles, including Chief Operating Officer and Chief Compliance Officer, should be held by individuals with appropriate experience and tenure to inspire confidence in prospective buyers.

Compliance with regulatory requirements set by the SEC is critical for corporate officers. Lack of preparedness or compliance issues during due diligence can impact a company's ability to complete a transaction or maintain market confidence.