
NIP believes that in certain situations corporations should form Advisory Committees to provide advisory services to the board when the corporation is in a transition phase such as preparing to go public. Potential directors can serve on such an Advisory Committee prior to the IPO and learn more about the company while the company is going through the process. Many corporations add directors prior to or during this process when a director faces more potential liability than at any other time because the securities laws impose a higher standard on directors during an IPO (or during any public filing by a corporation). NIP is prepared to help corporations with the formation of Advisory Committees and recruitment of individuals to fill those positions.
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