Management Due Diligence Session

Definition:

A meeting or conference call involving the issuer, the underwriter(s) and their respective counsel, whereby the management of the issuer answers questions relating to the issuer and the offering. Typically, underwriters’ counsel will draft a list of questions which will be circulated prior to the session. The questions usually cover topics such as: the accuracy of the offering document; material adverse events; confirmation that financial statements are accurate; and analysis of material tax and litigation issues. This session constitutes an important component of the Due Diligence process.

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