{"id":3315,"date":"2021-02-22T07:50:17","date_gmt":"2021-02-22T07:50:17","guid":{"rendered":"http:\/\/www.ceo-worldwide.com\/blog\/?p=3315"},"modified":"2024-05-08T04:49:42","modified_gmt":"2024-05-08T04:49:42","slug":"superior-strategies-for-business","status":"publish","type":"post","link":"https:\/\/www.ceo-worldwide.com\/blog\/superior-strategies-for-business\/","title":{"rendered":"SUPERIOR STRATEGIES FOR BUSINESS GROWTH"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"leading-a-business-through-ipo-exit-and-beyond\">LEADING A BUSINESS THROUGH IPO, EXIT AND BEYOND<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Deciding whether to float or not?<\/li>\n\n\n\n<li>Short, medium, long term \u2013 the pros\/cons of different scenarios<\/li>\n\n\n\n<li>How to enhance shareholder \/ stock value<\/li>\n\n\n\n<li>What are the pitfalls which can result in a flotation and how to avoid them<\/li>\n\n\n\n<li>What are the Corporate Governance, risk mitigation and due diligence requirements?<\/li>\n\n\n\n<li>How do you go about assembling an effective Board of Execs and NEDs?<\/li>\n\n\n\n<li>What are the key skills of a successful Non-Executive Chairman?<\/li>\n\n\n\n<li>Examples of leading ailing businesses through turnaround and learnings gained.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"deciding-whether-to-float-or-not\">DECIDING WHETHER TO FLOAT OR NOT?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Need to be certain you want to move into a public spotlight that comes with being listed<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Significant greater rules and regulations as a public company<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Undergo internal audit to ascertain whether the business is in a position to do so. A full business review<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Assessing in advance issues including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Corporate structure<\/li>\n\n\n\n<li>Board structure<\/li>\n\n\n\n<li>Board and senior management abilities<\/li>\n\n\n\n<li>Corporate Governance analyses<\/li>\n\n\n\n<li>Issues which would prevent Listing<\/li>\n\n\n\n<li>Internal control reviews<\/li>\n\n\n\n<li>Tax check ups and requirements<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"understanding-the-requirements-of-institutional-investors\">UNDERSTANDING THE REQUIREMENTS OF INSTITUTIONAL INVESTORS<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Solid management team<\/li>\n\n\n\n<li>Proven concept<\/li>\n\n\n\n<li>Sizeable market opportunity<\/li>\n\n\n\n<li>Differentiated proposition<\/li>\n\n\n\n<li>Rationale for joining the AIM\n<ul class=\"wp-block-list\">\n<li>Growth Capital<\/li>\n\n\n\n<li>Raise profile<\/li>\n\n\n\n<li>Incentive \/ retain staff through tradable equity<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The items above should form an executive summary to the superior strategies for business plan and strategy document, together with a financial summary, to use as a preliminary document to start to assist the Company.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"ipo-process-phase-1-strategic-issues\">IPO PROCESS \u2013 PHASE 1 \u2013 STRATEGIC ISSUES<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Strategic issues:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Business Plan and Strategy<\/li>\n\n\n\n<li>Rationale for an IPO<\/li>\n\n\n\n<li>Capital Structure and Debt Financing<\/li>\n\n\n\n<li>Intentions of major shareholders post listing<\/li>\n\n\n\n<li>Issue size and structure<\/li>\n\n\n\n<li>Timing<\/li>\n\n\n\n<li>Advisors\n<ul class=\"wp-block-list\">\n<li>Nomad<\/li>\n\n\n\n<li>Legal<\/li>\n\n\n\n<li>Accountants<\/li>\n\n\n\n<li>PR<\/li>\n\n\n\n<li>Registrars<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"indicative-aim-flotation-timetable\">Indicative AIM flotation timetable<\/h3>\n\n\n\n\n\n<h3 class=\"wp-block-heading\" id=\"the-advisors\">The Advisors<\/h3>\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"ipo-process-phase-2-planning\">IPO PROCESS \u2013 PHASE 2 \u2013 PLANNING<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Planning:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Corporate Structure and domicile<\/li>\n\n\n\n<li>Financial Track record<\/li>\n\n\n\n<li>Dividend policy<\/li>\n\n\n\n<li>Board Structure and Corporate Governance<\/li>\n\n\n\n<li>Incentivisation Schemes<\/li>\n\n\n\n<li>Employee Participation<\/li>\n\n\n\n<li>Project Timetable<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"due-diligence\">DUE DILIGENCE<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Financial Modelling<\/li>\n\n\n\n<li>Long Form report<\/li>\n\n\n\n<li>Commercial due diligence<\/li>\n\n\n\n<li>Legal due diligence<\/li>\n\n\n\n<li>Prospectus Drafting<\/li>\n\n\n\n<li>Shareholder Agreement<\/li>\n\n\n\n<li>Underwriting Agreement<\/li>\n\n\n\n<li>Lock up undertakings<\/li>\n\n\n\n<li>Roadshow presentation<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">We will guide you in the selection of the relevant professionals who can provide relevant services around the above activities<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"commercial-and-financial-due-diligence\">COMMERCIAL AND FINANCIAL DUE DILIGENCE<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Detailed operational, commercial and strategic plan for the business<\/li>\n\n\n\n<li>Business development opportunities<\/li>\n\n\n\n<li>Detailed budgets and forecasts<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">At this preliminary stage this only needs to be provided at a high level and in summary form<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"long-form-report\">LONG FORM REPORT<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Nature and scope of business<\/li>\n\n\n\n<li>Adequacy of accounting systems and internal controls<\/li>\n\n\n\n<li>Past record of forecasting of results and working capital requirements<\/li>\n\n\n\n<li>Appropriateness of accounting policies<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"short-form-report\">SHORT FORM REPORT<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Financial Statements and Cash flow for 3 years<\/li>\n\n\n\n<li>Accountants to confirm that accounts are fair and reasonable<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"working-capital-report\">WORKING CAPITAL REPORT<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Statement is required in prospectus \/ admission document that company has sufficient working capital for the next 12\/15 months<\/li>\n\n\n\n<li>Detailed review of monthly working capital requirements and compliance with relevant covenants together with sensitivity analysis<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Not required at this preliminary stage<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"short-medium-long-term-the-pros-cons-of-different-scenarios-of-an-ipo\">SHORT, MEDIUM, LONG TERM THE PROS\/CONS OF DIFFERENT SCENARIOS Of AN IPO<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"short-term-pros-18-months\">Short Term (PROS) 18 Months<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Providing access to Capital for growth \u2013 Raise finance for further developments as Company grows<\/li>\n\n\n\n<li>Placing an objective market value on the Company\u2019s business<\/li>\n\n\n\n<li>Increasing the Company\u2019s ability to make acquisitions (Available Currency)<\/li>\n\n\n\n<li>Create a market for Company\u2019s shares and broadening the shareholder base<\/li>\n\n\n\n<li>Encourage Employee commitment and incentivising their long term motivation e.g. share options<\/li>\n\n\n\n<li>Creating heightened public profile<\/li>\n\n\n\n<li>Always under promise and over deliver<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"short-term-cons\">Short Term (CONS)<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Dealing with increased disclosure and greater Regulatory obligations<\/li>\n\n\n\n<li>Additional costs associated with new audit fees, investor relations, <a href=\"https:\/\/www.ceo-worldwide.com\/executive-search-engine.php?submit=submit&amp;lev=NEXD#home\">NEDs<\/a>, etc.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"medium-term-3-5-years\">Medium Term 3-5 years<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Stable Management team pulling in the same direction<\/li>\n\n\n\n<li>Stay focused on Plan<\/li>\n\n\n\n<li>Maintain momentum &#8211; with shareholders following IPO<\/li>\n\n\n\n<li>Be transparent &#8211; To obtain the long term support of all shareholders<\/li>\n\n\n\n<li>Consistently meet the delivery or growth plan<\/li>\n\n\n\n<li>Do not become obsessed with share price<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Change Board \/ Chair at what point and why?<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"long-term-5-year\">Long Term 5 year +<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Investors looking for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A committed and experienced management team<\/li>\n\n\n\n<li>Commitment to strong corporate governance procedures<\/li>\n\n\n\n<li>A viable Corporate Culture<\/li>\n\n\n\n<li>Sustainable Competitive position<\/li>\n\n\n\n<li>Growing business operating in an expanding market, locally and \/ or internationally<\/li>\n\n\n\n<li>Visibility and quality of earnings<\/li>\n\n\n\n<li>In summary: Quality, Good Governance and Value<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-to-enhance-shareholder-stock-value\">HOW TO ENHANCE SHAREHOLDER \/ STOCK VALUE<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Once transformation into a Public Company is complete, it is just the beginning, and company then needs to meet the ongoing obligations of public markets<\/li>\n\n\n\n<li>Management needs to execute strategic initiatives and transactions<\/li>\n\n\n\n<li>Invest in good people and continue to evaluate the performance of the Board and management team<\/li>\n\n\n\n<li>Under promise and over deliver \u2013 Turnover, Profits, etc.<\/li>\n\n\n\n<li>Engage with investors effectively through a clear communication plan<\/li>\n\n\n\n<li>Manage Risk and Promoting good Corporate Governance , will add value<\/li>\n\n\n\n<li>Do not over-value the business. This is less important at IPO time.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-are-the-pitfalls-which-can-result-in-a-failed-flotation-and-how-to-avoid-them\">WHAT ARE THE PITFALLS WHICH CAN RESULT IN A FAILED FLOTATION AND HOW TO AVOID THEM<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management \u2013 Comply with rules, culture, etc<\/li>\n\n\n\n<li>Need to be sensible when valuing Company<\/li>\n\n\n\n<li>Investors will not invest in Companies where the Revenues or Assets are not substantiated<\/li>\n\n\n\n<li>Need a clear vision with credible management team committed for the long term<\/li>\n\n\n\n<li>Cannot raise all the funds needed<\/li>\n\n\n\n<li>Down turn in economy and <a href=\"http:\/\/marketdata.app\/\" target=\"_blank\" rel=\"noopener\">stock market<\/a><\/li>\n\n\n\n<li>Fraudulent information<\/li>\n\n\n\n<li>Intellectual Property Rights \u2013 issues relating there too<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"financial-due-diligence\">FINANCIAL DUE DILIGENCE<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The Business Plan prepared by the Company<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Detailed operational and strategic plan for the business<\/li>\n\n\n\n<li>Business development<\/li>\n\n\n\n<li>Detailed Budgets and forecasts<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Long form report prepared<\/strong> \u2013 by the reporting accountants who records the results of the financial due diligence<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Nature and scope of business trends<\/li>\n\n\n\n<li>Adequacy of accounting systems<\/li>\n\n\n\n<li>Forecasting, working capital, accounting policies<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Short Form Report<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>3 year Financial statements (Audited)<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Working Capital Report<\/strong> &#8211; 18 Months<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Legal<\/strong> including verification of, Material contracts, Underwriting Agreements<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-are-the-corporate-governance-risk-mitigation\">WHAT ARE THE CORPORATE GOVERNANCE, RISK MITIGATION?<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"risk-mitigations-who-is-responsible-for-reviewing-risk-mitigation-issues\">RISK MITIGATIONS (who is responsible for reviewing Risk mitigation issues)<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Auditors<\/li>\n\n\n\n<li>Reporting Accountants<\/li>\n\n\n\n<li>Lawyers<\/li>\n\n\n\n<li>NOMAD (Nominated Advisors)<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">All above would assist in ensuring that the information is correct and ensure due care with risk mitigation<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The end result being the admission document which is the responsibility of the NOMAD to the Stock Exchange, ensuring everything is correct and verified.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"structure-and-requirements-of-an-effective-board\">STRUCTURE AND REQUIREMENTS OF AN EFFECTIVE BOARD<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"well-functioning-board-is-led-by-the-chairman\">Well functioning Board is led by the Chairman<\/h3>\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"corporate-governance-for-growing-companies\">CORPORATE GOVERNANCE FOR GROWING COMPANIES<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"what-are-the-objectives-of-corporate-governance\">WHAT ARE THE OBJECTIVES OF CORPORATE GOVERNANCE?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Corporate Governance is the system of processes, activities, standards and reporting to facilitate and deliver growth in long term shareholder value by reducing risk while maintaining a flexible, efficient and effective management framework within an entrepreneurial environment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It represents a dynamic relationship between shareholders, the Company and the Directors, influenced by a number of external factors including regulation and social responsibility.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It reduces the risk of uncommercial and inappropriate bad decisions being made.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">SUPERIOR STRATEGIES FOR BUSINESS GROWTH: QCA Code<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"the-principles-of-the-qca-code\">THE PRINCIPLES OF THE QCA CODE<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Establish a strategy and business model which promotes long term value for shareholders<\/li>\n\n\n\n<li>Seek to understand and meet shareholder needs and expectations<\/li>\n\n\n\n<li>Take into account why the stakeholder and social responsibilities and their implications for long term success<\/li>\n\n\n\n<li>Embed effective risk management, considering both opportunities and threats throughout the organisation<\/li>\n\n\n\n<li>Maintain the board as a well functioning, balanced team led by the chair<\/li>\n\n\n\n<li>Ensure that between them, the directors have the necessary up-to-date experience, skills and capabilities<\/li>\n\n\n\n<li>Evaluate board performance based on clear and relevant objectives, seeking continuous improvement<\/li>\n\n\n\n<li>Promote a corporate cultures that is based on ethical values and behaviours<\/li>\n\n\n\n<li>Maintain governance structures and processes that are fit for purpose and support good decision making by the board<\/li>\n\n\n\n<li>Communicate how the company is governed and is performing by maintaining a dialog with shareholders and other relevant stakeholders<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n                \n                    <!--begin code -->\n\n                    \n                    <div class=\"pp-multiple-authors-boxes-wrapper pp-multiple-authors-wrapper pp-multiple-authors-layout-boxed multiple-authors-target-shortcode box-post-id-4120 box-instance-id-1 ppma_boxes_4120\"\n                    data-post_id=\"4120\"\n                    data-instance_id=\"1\"\n                    data-additional_class=\"pp-multiple-authors-layout-boxed.multiple-authors-target-shortcode\"\n                    data-original_class=\"pp-multiple-authors-boxes-wrapper pp-multiple-authors-wrapper box-post-id-4120 box-instance-id-1\">\n                                                <span class=\"ppma-layout-prefix\"><\/span>\n                        <div class=\"ppma-author-category-wrap\">\n                                                                                                                                    <span class=\"ppma-category-group ppma-category-group- category-index-0\">\n                                                                                                                        <ul class=\"pp-multiple-authors-boxes-ul author-ul-0\">\n                                                                                                                                                                                                                                                                                                                                                            \n                                                                                                                    <li class=\"pp-multiple-authors-boxes-li author_index_0 author_frank-lewis has-avatar\">\n                                                                                                                                                                                    <div class=\"pp-author-boxes-avatar\">\n                                                                    <div class=\"avatar-image\">\n                                                                                                                                                                                                                <img alt='Frank Lewis - CEO - UK' data-src='https:\/\/secure.gravatar.com\/avatar\/1ccce56a82418709c0d21c1a9b55cf4b51a1b0de7a8b528fe79890250db6e5ad?s=80&#038;d=mm&#038;r=g' data-srcset='https:\/\/secure.gravatar.com\/avatar\/1ccce56a82418709c0d21c1a9b55cf4b51a1b0de7a8b528fe79890250db6e5ad?s=160&#038;d=mm&#038;r=g 2x' class='avatar avatar-80 photo lazyload' height='80' width='80' src='data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==' style='--smush-placeholder-width: 80px; --smush-placeholder-aspect-ratio: 80\/80;' \/>                                                                                                                                                                                                            <\/div>\n                                                                                                                                    <\/div>\n                                                            \n                                                            <div class=\"pp-author-boxes-avatar-details\">\n                                                                <div class=\"pp-author-boxes-name multiple-authors-name\"><a href=\"https:\/\/www.ceo-worldwide.com\/blog\/author\/frank-lewis\/\" rel=\"author\" title=\"Frank Lewis - CEO - UK\" class=\"author url fn\">Frank Lewis - CEO - UK<\/a><\/div>                                                                                                                                                                                                    \n                                                                                                                                            <div class=\"pp-author-boxes-description multiple-authors-description author-description-0\">\n                                                                                                                                                    <p>Frank Lewis has over 25 years of experience in both listed and private companies. He has held a number of board positions as Chairman, Non Executive Director, CEO and Finance Director, both in the UK and abroad with growing mid-market companies. With a background in sophisticated and developing markets, he has the commercial prospective required to assist with growth strategies, acquisitions and flotations. <a href=\"https:\/\/www.ceo-worldwide.com\/executive-profile.php?iman=51113\">View Frank's short bio<\/a><\/p>\n                                                                                                                                                <\/div>\n                                                                                                                                                                                                    \n                                                                                                                                    <span class=\"pp-author-boxes-meta multiple-authors-links\">\n                                                                        <a href=\"https:\/\/www.ceo-worldwide.com\/blog\/author\/frank-lewis\/\" title=\"View all posts\">\n                                                                            <span>View all posts<\/span>\n                                                                        <\/a>\n                                                                    <\/span>\n                                                                                                                                \n                                                                                                                            <\/div>\n                                                                                                                                                                                                                        <\/li>\n                                                                                                                                                                                                                                                                                        <\/ul>\n                                                                            <\/span>\n                                                                                                                        <\/div>\n                        <span class=\"ppma-layout-suffix\"><\/span>\n                                            <\/div>\n                    <!--end code -->\n                    \n                \n                            \n        \n","protected":false},"excerpt":{"rendered":"<p>LEADING A BUSINESS THROUGH IPO, EXIT AND BEYOND DECIDING WHETHER TO FLOAT OR NOT? Need to be certain you want to move into a public spotlight that comes with being listed Significant greater rules and regulations as a public company Undergo internal audit to ascertain whether the business is in a position to do so. &#8230; <a title=\"SUPERIOR STRATEGIES FOR BUSINESS GROWTH\" class=\"read-more\" href=\"https:\/\/www.ceo-worldwide.com\/blog\/superior-strategies-for-business\/\" aria-label=\"Read more about SUPERIOR STRATEGIES FOR BUSINESS GROWTH\">Read more<\/a><\/p>\n","protected":false},"author":39,"featured_media":2905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[824,814,823,235,160,93,447,827,826,825],"ppma_author":[630],"class_list":["post-3315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-development","tag-advisors","tag-aim","tag-business-growth","tag-corporate-governance","tag-due-diligence","tag-investors","tag-ipo","tag-risk-mitigation","tag-shareholders","tag-stock-value"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2020\/09\/strategy-main.jpg?fit=1200%2C800&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p7XjMV-Rt","jetpack-related-posts":[{"id":1234,"url":"https:\/\/www.ceo-worldwide.com\/blog\/chinese-companies-want-ipo-managing-cultural-gap\/","url_meta":{"origin":3315,"position":0},"title":"IPO: Managing the Cultural Gap","author":"Frank Lewis - CEO - UK","date":"","format":false,"excerpt":"Managing the cultural gap with Chinese companies who want to do an IPO in London I have been working with Chinese Companies for over 5 years and have been Associated with 3 Chinese companies as Chairman or NED that have listed in London (AIM). With the globalisation of world business,\u2026","rel":"","context":"In &quot;Business Development&quot;","block_context":{"text":"Business Development","link":"https:\/\/www.ceo-worldwide.com\/blog\/category\/business-development\/"},"img":{"alt_text":"oriental pearl tower","src":"https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2016\/11\/pexels-photo-50868.jpeg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2016\/11\/pexels-photo-50868.jpeg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2016\/11\/pexels-photo-50868.jpeg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2016\/11\/pexels-photo-50868.jpeg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2016\/11\/pexels-photo-50868.jpeg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":4449,"url":"https:\/\/www.ceo-worldwide.com\/blog\/the-power-of-non-executive-directors-and-effective-board-composition\/","url_meta":{"origin":3315,"position":1},"title":"The Power of Non-Executive Directors and Effective Board Composition","author":"CEO Worldwide","date":"","format":false,"excerpt":"In the realm of corporate governance, non-executive directors (NEDs) play a pivotal role in ensuring effective board composition. These directors bring a wealth of experience, expertise, and independent perspectives to the table, creating a balance of power and fostering sound decision-making processes. By providing oversight, guidance, and a valuable check\u2026","rel":"","context":"In &quot;Non Executive Directors&quot;","block_context":{"text":"Non Executive Directors","link":"https:\/\/www.ceo-worldwide.com\/blog\/category\/executive-search\/non-executive-directors\/"},"img":{"alt_text":"people sitting at the table","src":"https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2023\/06\/pexels-photo-8190804.jpeg?fit=1200%2C801&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2023\/06\/pexels-photo-8190804.jpeg?fit=1200%2C801&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2023\/06\/pexels-photo-8190804.jpeg?fit=1200%2C801&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2023\/06\/pexels-photo-8190804.jpeg?fit=1200%2C801&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2023\/06\/pexels-photo-8190804.jpeg?fit=1200%2C801&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7437,"url":"https:\/\/www.ceo-worldwide.com\/blog\/spacex-ipo-outlook-2026-listing-could-redefine-how-markets-value-infrastructure\/","url_meta":{"origin":3315,"position":2},"title":"SpaceX IPO Outlook 2026: Why This Listing Could Redefine How Markets Value Infrastructure, Not Just Companies","author":"Ankoor Dasguupta","date":"","format":false,"excerpt":"Let me just start by saying \u201cCapital markets are like telescopes, they are designed to observe what exists, not to fully comprehend what is just beginning to form beyond the visible horizon.\u201d Every so often, however, something enters their field of view that forces a recalibration of focus. A potential\u2026","rel":"","context":"In &quot;Innovation&quot;","block_context":{"text":"Innovation","link":"https:\/\/www.ceo-worldwide.com\/blog\/category\/innovation\/"},"img":{"alt_text":"A powerful spacex rocket stands ready on its launch pad against a stunning twilight sky.","src":"https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2026\/04\/586067.jpeg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2026\/04\/586067.jpeg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2026\/04\/586067.jpeg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2026\/04\/586067.jpeg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2026\/04\/586067.jpeg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":46,"url":"https:\/\/www.ceo-worldwide.com\/blog\/non-executive-directors\/","url_meta":{"origin":3315,"position":3},"title":"Non-Executive Directors: Experience and Good Practice","author":"Frank Lewis - CEO - UK","date":"","format":false,"excerpt":"What is the definition of a Non-Executive Director (\u201cNED\u201d)? Michael Grade once famously said: \u201cNon-Executive Directors are like bidets \u2013 not sure what they are there for, but they add a bit of class!\u201d This is far from the truth. NEDs are working harder than ever. The risk\/reward is not\u2026","rel":"","context":"In &quot;Non Executive Directors&quot;","block_context":{"text":"Non Executive Directors","link":"https:\/\/www.ceo-worldwide.com\/blog\/category\/executive-search\/non-executive-directors\/"},"img":{"alt_text":"Non Executive Directors","src":"https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2024\/05\/mybhn8kaaec-1.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2024\/05\/mybhn8kaaec-1.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2024\/05\/mybhn8kaaec-1.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2024\/05\/mybhn8kaaec-1.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2024\/05\/mybhn8kaaec-1.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":3286,"url":"https:\/\/www.ceo-worldwide.com\/blog\/corporate-governance\/","url_meta":{"origin":3315,"position":4},"title":"Corporate Governance For Growing Companies","author":"Frank Lewis - CEO - UK","date":"","format":false,"excerpt":"1. WHAT ARE THE OBJECTIVES OF CORPORATE GOVERNANCE? Corporate Governance is the system of processes, activities, standards and reporting to facilitate and deliver growth in long term shareholder value by reducing risk while maintaining a flexible, efficient and effective management framework within an entrepreneurial environment. Corporate Governance represents a dynamic\u2026","rel":"","context":"In &quot;International Management&quot;","block_context":{"text":"International Management","link":"https:\/\/www.ceo-worldwide.com\/blog\/category\/international-management\/"},"img":{"alt_text":"Corporate Governance","src":"https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2021\/02\/corporate.jpg?fit=1200%2C797&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2021\/02\/corporate.jpg?fit=1200%2C797&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2021\/02\/corporate.jpg?fit=1200%2C797&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2021\/02\/corporate.jpg?fit=1200%2C797&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2021\/02\/corporate.jpg?fit=1200%2C797&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":2252,"url":"https:\/\/www.ceo-worldwide.com\/blog\/cross-border-investing-in-the-emerging-economies-of-asia-china\/","url_meta":{"origin":3315,"position":5},"title":"A New Approach for the VC\/Buy-outs Segment: CROSS-BORDER INVESTING IN THE EMERGING ECONOMIES OF ASIA: CHINA?","author":"Jordi Argente","date":"","format":false,"excerpt":"Invest in mid-market buy out opportunities in China only through cross-border strategic investment vehicles that will invest and obtain control simultaneously in local companies located BOTH in China and in North America presenting substantial synergies. Upon completing the M&A exercise, the Western company will contributestate-of-the-art management, processes & systems to\u2026","rel":"","context":"In &quot;Business Development&quot;","block_context":{"text":"Business Development","link":"https:\/\/www.ceo-worldwide.com\/blog\/category\/business-development\/"},"img":{"alt_text":"city with skyscrapers","src":"https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2020\/03\/pexels-photo.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2020\/03\/pexels-photo.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2020\/03\/pexels-photo.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2020\/03\/pexels-photo.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.ceo-worldwide.com\/blog\/wp-content\/uploads\/2020\/03\/pexels-photo.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"authors":[{"term_id":630,"user_id":39,"is_guest":0,"slug":"frank-lewis","display_name":"Frank Lewis - CEO - UK","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/1ccce56a82418709c0d21c1a9b55cf4b51a1b0de7a8b528fe79890250db6e5ad?s=96&d=mm&r=g","author_category":"","user_url":"","last_name":"Lewis - CEO - UK","first_name":"Frank","job_title":"","description":"Frank Lewis has over 25 years of experience in both listed and private companies. He has held a number of board positions as Chairman, Non Executive Director, CEO and Finance Director, both in the UK and abroad with growing mid-market companies. With a background in sophisticated and developing markets, he has the commercial prospective required to assist with growth strategies, acquisitions and flotations. <a href=\"https:\/\/www.ceo-worldwide.com\/executive-profile.php?iman=51113\">View Frank's short bio<\/a>"}],"_links":{"self":[{"href":"https:\/\/www.ceo-worldwide.com\/blog\/wp-json\/wp\/v2\/posts\/3315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ceo-worldwide.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ceo-worldwide.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ceo-worldwide.com\/blog\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ceo-worldwide.com\/blog\/wp-json\/wp\/v2\/comments?post=3315"}],"version-history":[{"count":12,"href":"https:\/\/www.ceo-worldwide.com\/blog\/wp-json\/wp\/v2\/posts\/3315\/revisions"}],"predecessor-version":[{"id":5106,"href":"https:\/\/www.ceo-worldwide.com\/blog\/wp-json\/wp\/v2\/posts\/3315\/revisions\/5106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ceo-worldwide.com\/blog\/wp-json\/wp\/v2\/media\/2905"}],"wp:attachment":[{"href":"https:\/\/www.ceo-worldwide.com\/blog\/wp-json\/wp\/v2\/media?parent=3315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ceo-worldwide.com\/blog\/wp-json\/wp\/v2\/categories?post=3315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ceo-worldwide.com\/blog\/wp-json\/wp\/v2\/tags?post=3315"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.ceo-worldwide.com\/blog\/wp-json\/wp\/v2\/ppma_author?post=3315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}