As another year closes it gives us an opportunity to reflect on the last 12 months. Looking back at 2019, it was a very exciting year for Admincontrol, in which we had record-high use of our data rooms, a new office in London and new functions on the product side.
The Board of Directors is the company’s supreme body and must play an active role in its management. The board must provide for prudent organisation of the company and ensure that plans, budgets and policies are determined for the operation of the business. Added to this is the more traditional role of the board as a controlling entity. A directorship comes with many obligations and responsibilities, and many of the board’s duties are explicitly regulated in law.
For a successful due diligence process, followed by a successful exit, preparation is key.
Selling a company is a time consuming and complex process. Having a data room in place early on in the process gives time to prepare properly and gain a comprehensive overview of the documentation entailed. Many enterprises also make use of a sell-side due diligence process, for an internal review before the interested parties arrive on the scene.
