In this episode of the FCPA Compliance Report, I visit with Brandon Daniels, President of Exiger. Brandon is a long-time favorite on the FCPA Compliance Report, and he always brings a unique perspective to a variety of compliance topics. In this episode, we look at the Theranos case from a very different angle than the criminal fraud trial of Elizabeth Holmes. We consider the due diligence lessons from Theranos. Highlights of this podcast include:
- What is the difference between ongoing due diligence v. point in time due diligence?
- How does Due Diligence on potential investments different (or not) from DD on other types of 3rd parties?
- What areas should you look at in DD of potential business partners/investments?
- How do you perform DD on leaders or senior management of potential business partners/investments?
- What should people or skill sets be on your DD team? For instance, would you suggest being on a DD team to evaluate Theranos?
- How do you evaluate the risk, or are you simply trying to ID red flags?
- Does DD provide insight into the leader of potential business partners/investments continuing after the deal is done?
Resources
Brandon Daniels on Exiger website
Pre-investment, IPO, and Fund-Raising DD