Given Giulio's goal to take the company public, he has asked you, a CPA, to provide...

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Given Giulio's goal to take the company public, he has asked you, a CPA, to provide him with advice on some of the key areas of governance that will need to be considered. For each of the headings below, provide EFI with general guidance on at least two significant changes the company will need to make before going public. For each area of change, suggest at least one specific governance action that EFI should take in the near term to start the change process. Board composition Board committees Accounting and reporting Board practices Changes needed before going public Actions to start the change process Question 2 EFI has never developed mission, vision, or values statements. a) Draft a mission statement and a vision statement for EFI. b) Draft a statement of values for EFI, incorporating at least four different values. c) Briefly explain whether the draft mission and vision statements need to change if the company goes public. (d) Briefly explain whether the draft statement of values needs to change if the company goes public. Given Giulio's goal to take the company public, he has asked you, a CPA, to provide him with advice on some of the key areas of governance that will need to be considered. For each of the headings below, provide EFI with general guidance on at least two significant changes the company will need to make before going public. For each area of change, suggest at least one specific governance action that EFI should take in the near term to start the change process. Board composition Board committees Accounting and reporting Board practices Changes needed before going public Actions to start the change process Question 2 EFI has never developed mission, vision, or values statements. a) Draft a mission statement and a vision statement for EFI. b) Draft a statement of values for EFI, incorporating at least four different values. c) Briefly explain whether the draft mission and vision statements need to change if the company goes public. (d) Briefly explain whether the draft statement of values needs to change if the company goes public.

Answer rating: 100% (QA)

Board Composition 1 Increase Independence One significant change EFI will need to make before going public is to enhance the independence of its board members Currently if the majority of the board co... View the full answer