SPACs and Compliance

Compliance into the Weeds

Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. This week Matt and Tom take a deep dive into the recent spate of SPACs which have formed and are gobbling up companies through acquisition. What does it mean from the internal control, risk management and compliance perspective?

Some of the issues we consider are:

• What are SPACs?
• Do SPACs render controls ineffective?
• What are the requirements under SOX 404b for SPACs?
• Do SPACs create an inherent conflict of interest between management and shareholders?
• What does this mean for compliance officers?

Resources

Matt’s blog post on Radical Compliance:

SPACs Draw Internal Control, Governance Concerns

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