Dear Client,
Public companies have the huge advantage of being able to raise funds from a variety of options. In fact, many law firms and business entities have practice groups that are solely dedicated to helping them raise funds. These options include loans, bonds, shares, stock and debenture, collective investment schemes.
All these options are highly complicated systems that require a lot of expertise. In fact, the law will forbid that these transactions be carried out without the input of professionals such as lawyers, financial reporters, investment advisers, issuing houses as well as stockbrokers. This is because public companies have a large membership base whose interests must be adequately protected.
A worrisome trend however is for directors of public companies in trying to either cut cost or to play smart employ professionals without much expertise in project finance, and these "professionals" also fail to seek help on complex issues. This has to stop! Do not toy or joke with people's fortunes.
While it may be good to give younger people the opportunity to handle such magnanimous financing, it must always be done with recourse to proper supervision.
Have a productive day!
Cheers,
Olukayode Olugbemi
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