BarbriSFCourseDetails
  • videocam On-Demand
  • card_travel Corporate Law
  • schedule 90 minutes

Corporate Governance of Subsidiaries: Board Responsibilities, Interplay With Parent, Liability Risks

$297.00

This course is $0 with these passes:

CLE
ALL
  1. keyboard_arrow_leftBack
BarbriPdBannerMessage

Description

Heightened investor scrutiny of public companies has corporate boards of directors taking their responsibility for ensuring compliance with federal and state laws related to corporate governance more seriously, including subsidiary corporate governance. For companies with subsidiary networks, instituting effective corporate governance practices is even more complex and challenging.

Subsidiary governance includes appointing board members, defining the role of the subsidiary board vs. the parent board, and establishing risk management responsibility and accountability. Mismanaged subsidiary governance can cause unintended legal and financial liabilities for the parent company and subsidiary as well as personal exposure for parent and subsidiary company directors and officers.

Listen as our panel discusses critical considerations for boards of directors of subsidiaries and their parent companies. The panel will discuss appropriate corporate governance structures for subsidiary boards, the subsidiary board's role in managing risk, setting the strategy, determining compensation, and best practices for minimizing liability risks.

Presented By

Chip Presten
Partner
Pierson Ferdinand

Mr. Presten represents clients in private equity transactions, acquisitions and divestitures of public and private companies, and offerings of debt and equity securities. He also represents private equity funds and their investors in connection with fund formation issues, securities law issues and portfolio company transactions, and has advised companies being acquired by or seeking capital from such funds. In addition, Mr. Presten has represented pension funds and other institutional investors in connection with their ongoing investment management activities. He has experience counseling clients in multiple industries through a wide variety of transactions. Mr. Presten's work with energy companies includes the successful completion of acquisitions, project development transactions, and financings totaling more than $20 billion.

expand_circle_down Expand to View Full Bio expand_circle_up Collapse Bio
Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.


  • Live Online


    On Demand

Date + Time

  • event

    Thursday, March 2, 2023

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

  1. Trends in subsidiary corporate governance
  2. Best practices for boards of subsidiaries
    1. Board composition
    2. The role of the subsidiary board vs. the parent board
    3. Risk management responsibility
    4. Minimizing liability risk

The panel will discuss these and other noteworthy issues:

  • What are the legal risks associated with subsidiary corporate governance?
  • What are some best practices for structuring subsidiary boards and defining the board's role and responsibilities?
  • What are some practical strategies for minimizing liability risks for subsidiary and parent company boards of directors?