A recent report from Wilson Sonsini on venture-backed IPOs has lots of interesting tidbits, for example:
- Almost all of the companies are incorporated in Delaware (94%).
- More companies separated the chairman and CEO roles than combined them.
- Board committees at these companies frequently included venture capitalists who had invested in the companies (counting the VCs as independent," despite their share ownership).
- Almost all of the companies (98%) had adopted a code of business conduct.
- Over 80% of the companies implemented a classified board in connection with the IPO.
Lots more in the report. Thanks to Richard Blake for the tip.
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