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Management's first step in any issue of securities to the public is to: Multiple Choice prepare the tombstone advertisement. distribute copies of the preliminary prospectus. obtain approval from the board of directors. file a registration form with the SEC. distribute copies of the final prospectus.

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When a company wants to issue shares, the very first step is to obtain approval from the board of directors.

In order to go about issuing shares, the first steps are to:

  • Inform the Board of Directors to gain their consent
  • Inform existing shareholders

The Board of Directors governs the company so they must be told before shares are issued. They will then give their permission for management to carry on.

In conclusion, management must first seek permission from the Directors.

Find out more at https://brainly.com/question/22326186.

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