Boards of Directors and Piercing the Corporate Veil

$189.00

This course will cover the legal duties of Boards of Directors of for-profit companies and nonprofit organizations.  Courts are holding more and more directors individually liable for failing to perform their legal duties. In recent SEC enforcement actions, the SEC has demanded that directors resign and contribute personally to pay large company fines who did not due their due diligence regarding key issues facing the company.  Often companies and nonprofits fail to demand that each member of their board be actively engaged in every area that is “material” to the success and legal compliance requirements of the organization.  In addition, numerous laws now require, and best practice research supports, new requirements that boards of directors have independent members and include women and minorities.  The duties and requirements of board members are evolving, proper onboarding of new boards members has become more and more important, and this course will teach you how to expand your legal practice into this essential area of the law.

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Event Details

Webinar Date

Webinar Time

Course Type

Course Instructor

Herb Rubenstein, Esq.

Original Date Of Course

General Credits

2

Course Description

This course will cover the legal duties of Boards of Directors of for-profit companies and nonprofit organizations.  Courts are holding more and more directors individually liable for failing to perform their legal duties. In recent SEC enforcement actions, the SEC has demanded that directors resign and contribute personally to pay large company fines who did not due their due diligence regarding key issues facing the company.  Often companies and nonprofits fail to demand that each member of their board be actively engaged in every area that is “material” to the success and legal compliance requirements of the organization.  In addition, numerous laws now require, and best practice research supports, new requirements that boards of directors have independent members and include women and minorities.  The duties and requirements of board members are evolving, proper onboarding of new boards members has become more and more important, and this course will teach you how to expand your legal practice into this essential area of the law.

Principles

  • Cover key legal requirements and best practices of boards of directors
  • Learn how to expand and improve your law practice in providing legal services regarding boards of directors’ duties and legal responsibilities
  • Learn how to help improve the performance of companies and nonprofits through rigorous board of directors’ compliance with both the law and the growing literature on best practices for boards of directors
  • Understand how and why the corporate veil will be pierced and board members can be held legally liable for corporate and nonprofit failures when board members do not meet their legal duties
  • Become aware of the growing legal practice in this important area and how to help board members protect themselves from becoming personally liable for corporate and nonprofit legal shortcomings
  • Learn how to become a better board member when you serve on boards of directors

Syllabus

  1. Key areas of the legal requirements of board members
  2. Helping prevent individual board members from becoming personally liable for corporate and nonprofit organization misdeeds
  3. Expand and improve your legal practice in the growing field of boards of directors’ law
  4. Identify the “red flags” that show that a board is not performing according to the legal requirements
  5. Learn about new laws that require minorities and women to be represented on boards of directors

Instructor

Herb Rubenstein, JD, MPA, PGA

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