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While the markets are in turmoil, it may seem strange to talk about a listing on Nasdaq. But there is a considerable amount of background work that can be done to ensure that you and your business are “transaction ready” and can move quickly when the opportunity arises.Any listing, whether on a domestic or a foreign market, is a formidable and expensive task and potentially distracting to senior management. The in-house legal function can play a key role in insulating the business from this.A listing is a multi-disciplinary process that touches all parts of the business, all of which must be managed. It includes: In-house:- finance;- marketing;- the board;- HR;- legal; and- company secretarial;External advisers:- auditors;- UK and US counsel; and- bankers.The in-house legal team is well placed to co-ordinate these disciplines, as the listing is in essence the filing of legal documentation with cross-functional support, in-house and outside.With such a broad grouping of interests, there is a danger of meetings with 20-30 attendees. Try to avoid this because they are rarely productive and are costly, in time and in professional fees. A small working group of six to eight people is big enough, as long as they represent the constituencies of the larger grouping.A weekly list of issues outlining everyone’s responsibilities is a useful tool for keeping the wider group up to date and acts as an effective aide-memoire.It is advisable to appoint someone, such as your chief executive, to keep any internecine struggles under control and harness wayward advisers.The following are the key issues:

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