Extract to table

However, the exemptions do not extend to the audit committee, which must be composed entirely of independent directors in all events

Calderwood & Harkness will prepare a comprehensive IPO Readiness Assessment Memorandum identifying all governance, compliance, and operational matters that must be addressed prior to the effectiveness of the Registration Statement

The cheap-stock analysis will examine whether any equity awards granted in the twelve-month period prior to the IPO were priced below the fair market value of the Company's Common Stock at the time of grant, which could give rise to additional compensation expense that must be recognized in the Company's financial statements