51. During the boom period almost any management team with a half-decent business plan and a succession of rising profit forecasts was guaranteed financial backing. 52. Generally, this also helps the management team, enabling them to avoid face-to-face negotiation with their superiors. 53. The lawyers should explain to the management team the conflicts of interest they face as members of the selling team as well as members of the buying team. 54. Failure to do so may put the management team at risk of losing their jobs if the buy-out attempt is not successful. 55. The venture capitalist will need to spend a considerable amount of time with the management team before an offer is made to the vendor. 56. The management team must appreciate the potential conflicts. 57. Should the management team invest early? 58. It will deal with the obligations of Newco and the management team to provide continuing financial information to shareholders. 59. It is likely that most members of the board of Newco will be members of the management team proposing the buy-out. 60. Now I am delighted to be able to hand over the spot-light to my three management colleagues on the management team. |
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