When a company goes public, the spotlight on it becomes hot and intense. You must be fully aware of major issues that immediately come to fore in the “Three C’s”: compliance, communications and compensation.
- Compliance. Get used to a new three-letter word you’ll be hearing often: SEC. The U.S. Securities and Exchange Commission requires all public companies to file numerous documents, starting with the S-1 Public Offering Filing.
- Communications. Keeping your employees informed is critical. Equally critical is the content and style of those communications. Hold employee meetings regularly.
- Compensation. Now that your company is publicly traded, you have a new form of employee compensation: stock options.