"A period of formal legal and financial due diligence will commence next week, " it read.
"A period of formal legal and financial due diligence will commence next week, " said a club statement.
However Spencer Harris, one of the WST's directors, said it had completed financial due diligence on the basis that there was a warranty from Geoff Moss, one of the current club owners.
CEOs (in my experience) tend to over-focus on the financial, due diligence and purely logistical aspects of big transitions like this, and under-focus on the people involved, and how to help them through the transition with the least amount of disruption and disaffection possible.
He finally completed a period of financial and commercial due diligence of the club last week.
We met with firms around the country and reviewed their operations, as well as financial statements in our due diligence.
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These increased expectations are coupled with a push by the Justice Department to add new rules requiring financial institutions to increase due diligence.
And the financial advisers are doing their due diligence right now.
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The database is the first of its kind for the financial services industry, and allows investors an easy (free) way to do some basic due diligence on potential or existing financial advisors.
On the Wealth Management side, BrightScope Advisor Pages helps consumers discover information and conduct due diligence on their financial advisors.
The enhanced due diligence requirements for financial intermediaries call for a risk-based assessment designed to prevent the acceptance of untaxed assets.
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In a time when transparency in financial services seems in short supply, having this information as you do your due diligence could make a significant impact on your financial well- being.
The company will enter a period of due diligence to carry out financial and other checks over the next three weeks before the agreement becomes concrete.
As marketing costs in the new era of financial supermarkets have ballooned, research and due diligence expenditures at many brokerage firms have not kept up with that spending, points out A. Michael Lipper, whose firm, Lipper Analytical Securities, follows the brokerage industry.
Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.
The new service is Advice IQ, the only financial service and database company that performs advisory due diligence work across all primary U.S. regulators.
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The Olympus affair is likely to set in train a fairly thorough and far-reaching strengthening and tightening of Japanese codes of conduct, laws and regulations, and criminal and civil remedies to deal with false financial reporting, non-disclosure, and due diligence requirements for company auditors, and stricter and more intrusive regulation by government agencies and securities exchanges.
They were not in a position to perform the necessary due diligence and did not have access to necessary financial info or records.
These recommendations include: A Simple Due Diligence Disclosure Document, Management Attestation, Standardized Financial Reporting Requirement, and Consistent Regulation of Financial Intermediaries.
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But he said the process of "due diligence", checking on ETS' references and financial strength, had failed to identify a string of press reports highlighting previous problems in the United States.
An additional facet of the disclosure complex, especially as it relates to the scienter standard of recklessness, is the implication for the financial institutions and their professional advisors of a duty to conduct a reasonable due diligence to make certain that what they have said about SCF is the whole of the material truth.
Whether it is faulty ratings on Worldcom, Enron, structured financial products, or MF Global, the failures of rating agencies to exercise due diligence have significantly affected markets.
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What level of due diligence and disclosure is there now for zakat and other payments by financial institutions to Muslim charities?
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One reason why Wal-Mart might be reluctant to buy Lenta, at least in the short term, is the amount of due diligence that would be needed, says Herbert Moos, the chief financial officer of VTB Group, which together with TPG Capital holds a stake in Lenta through its VTB Capital investment banking unit.
And individual investors, investment banks, fund-managers and particularly public pension funds should expand their "due diligence" assessments to include national security, human rights and other appropriate non-financial considerations so that the American people -- six out of ten of whom are now reportedly in the capital markets -- have the data required to make informed investment decisions.
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