skills/intelligo-prep-committee-deck/assets/templates/narrative-memo.md

# [Subject Name] — IC Background Diligence Memo

**Subject:** [Name], [Role] · [Entity]
**Report:** Intelligo Advantage Level [X] · Published [Date] · Coverage: [Jurisdictions]
**Prepared by:** [Analyst] · For: [IC name] · [Date]

---

## Severity summary

[One factual sentence describing flag levels present, no verdict words. Examples:]

- "Background review surfaced 1 red flag and 3 yellow flags. 12 info flags noted."
- "No red flags; 2 yellow flags raised. Otherwise complete coverage at Level [X]."
- "No flags raised. Complete coverage at Level [X]."

---

## Subject snapshot

[2–3 sentences. Who they are, role in the deal, entity affiliation, what was checked. No flags here — just orientation for IC members who may not know the subject.]

---

## Findings

### Red findings

[For each red flag, one paragraph (1–3 sentences). Always include the underlying finding — not just the flag title:]

**Red — [Finding title].** [What was specifically found, in a complete sentence with context: dates, amounts, jurisdiction, what happened.] Source: [attribution, date].

[Analyst note (verbatim from Intelligo if present): "Analyst note: [text]"]

### Yellow findings

[Same pattern, shorter — 1–2 sentences each, always including the finding text behind the flag.]

### Information findings

[Summarize as a single sentence: "[N] information flags noted, primarily related to [categories]. None elevated by analyst review."]

---

## Disclosure delta *(include only if disclosed-vs-found data is present)*

**Disclosed by [subject term]:** [list]
**Found by Intelligo:** [list]
**Gaps:** [list items found that were not disclosed. Severity tag each, but no verdict on whether the gap is "material" — that's the IC's call.]

---

## Coverage and confidence

[1 paragraph: what was checked at this report level, any geographic or temporal gaps, confidence in the result. Note whether the subject consented (US allows non-consent for pre-investment).]

---

## Suggested IC questions

1. [Question tied to the highest-severity finding]
2. [Question about disclosure gap, if any]
3. [Forward-looking question about ongoing monitoring]

---

*Full Intelligo report: [link or ID]. This memo summarizes findings; refer to the platform for source documents.*