Due diligence meeting

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Due diligence meeting

Meeting legally required to be held by an underwriter to enable brokers to question a new issuer about an upcoming issue.

Due Diligence Meeting

An internal meeting held after the registration of a new security with the SEC but before the registration's effective date. Under the Securities Act of 1933, all accountants, counsel, underwriters, and managers can be held civilly liable for knowingly making false or misleading statements in the registration documents. In order to shield themselves from liability, representatives of the registrant conduct a meeting before the registration becomes effective to discuss and if necessary remedy any issues that may have arisen. This is considered a necessary part of due diligence prior to the issuance of a new security.
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A Cerberus spokesman added: "It is standard operating practice to hold due diligence meetings of this nature with government ministers in advance of making a bid, especially as we had never invested in Northern Ireland previously.
He added, "Over the balance of 2008, we will be holding a series of due diligence meetings, seminars and other similar events for investors and financial consultants focusing on the future of Zaldiva.
UK insurer Resolution said yesterday it had held due diligence meetings with rivals Standard Life and Pearl, but said it had held no talks on proposals and had received no firm offers from the suitors.
The independent nature of what we do has proven valuable during internal risk reviews, regulatory exams and client due diligence meetings," Turner said.
Heaton will be responsible for all due diligence meetings with MDT, including those involving institutional clients, subadvisory partners, SMA platforms and mutual fund relationships.
They then conduct qualitative analysis where they perform scheduled, on-site due diligence meetings and investment committee discussions.
He will also act as a key liaison for strategic partnerships with major sponsor firms: oversee business development, sales objectives and professional development for NBD wholesalers: and represent the firm at key due diligence meetings and seminars.
Also, we have ongoing requirements for our 'CORE Academy' on real estate industry matters for financial professionals and due diligence meetings for regional securities broker/dealers," he added.
One-on-one due diligence meetings between sellers and bidders are also available.
The visitors toured Bodisen's facilities as well as conducted due diligence meetings with management.
Be aware of the fiduciary role played by each party involved in the 401(k) plan -- Choose investments for the plan based on a prescribed Prudent Man approach -- Provide consistent investment monitoring -- Implement and maintain an investment policy statement -- Educate plan participants -- Hold regular due diligence meetings -- Make investment changes as appropriate to protect the integrity of the plan
In light of the current challenges facing the alternative investment industry in 2005, AFC will be conducting rigorous due diligence meetings for the compliance, operations, and advisors at various IDA and MFDA firms.