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For-Profit and Not-for-Profit Boards: Governance Pitfalls You Need to Know

Content Provider
American Law Institute CLE
Product
CLE
Run Time
60 Minutes
Recording Date
11/02/2022
Presenter(s)
Michael J. Cooney, Amy O’Keefe
Learning Method
On-Demand Training
Practice Area
Government and Non-Profit Organizations, Corporate and Business Law

Price $219.00

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Description

As a mid-market business attorney, you may counsel not only business entities, but also nonprofit organizations with pro bono and fee-based services. Although nonprofits have additional considerations, your legal duties for both types of clients remain the same – to provide business counsel on standards of care, fiduciary duties, governance, formation, and day-to-day operational vulnerabilities. This basic course spotlights the legal governance landmines you need to know for your nonprofit and tax-exempt clients, and will also be the refresher you need for your work with for-profit corporate boards. Sophisticated nonprofit and tax-exempt attorney who attend this course will benefit from this course’s analysis of how corporate law, related legal doctrines, and interpretations can influence nonprofit and tax-exempt representation strategies. Get briefed on board of directors, governance, and related issues as they relate to, and differ between, private enterprises vs. nonprofit and tax-exempt organizations, addressing topics such as: Fiduciary standards and standards of conduct Delegation of board duties Governance requirements (including committee and meeting protocol) What happens when there is board conflict or an emergency (internal investigation, complaint, stolen funds, etc.?) How to approach ‘interested party’ or affiliate transactions Can fiduciary duties ever be waived? Public benefit corporations

Literature

State Status Total Credits Type Of Credit Approved Thru
AlabamaApproved1.00General12/31/2024
AlaskaApproved1.00GeneralOn-going
ArizonaApproved1.00GeneralOn-going
ArkansasApproved1.00GeneralOn-going
CaliforniaApproved1.00Participatory12/31/2027
ColoradoApproved1.00General12/31/2025
ConnecticutApproved1.00GeneralOn-going
DelawareApproved1.00General11/01/2024
FloridaApproved1.00General08/31/2024
HawaiiApproved1.00General12/27/2024
IdahoApproved1.00General11/01/2027
IllinoisApproved1.00General01/09/2025
IndianaApproved1.00General03/12/2024
LouisianaApproved1.00General01/05/2025
MaineApproved1.00General03/05/2025
MississippiPending State Response0.00
MissouriApproved1.20GeneralOn-going
MontanaApproved1.00General11/01/2025
NebraskaApproved1.00General11/01/2024
NevadaApproved1.00General12/31/2026
New HampshireApproved1.00General11/01/2025
New JerseyApproved1.00GeneralOn-going
New MexicoApproved1.00General11/01/2027
New YorkApproved1.00SkillsOn-going
North DakotaApproved1.00General11/01/2025
OhioApproved1.00General12/31/2024
OklahomaApproved1.00General04/16/2024
OregonApproved1.00General11/01/2025
PennsylvaniaApproved1.00General01/05/2025
Puerto RicoApproved1.00General03/05/2024
Rhode IslandApproved1.00General06/30/2024
South CarolinaApproved1.00General12/31/2024
UtahApproved1.00General12/31/2024
VermontApproved1.00GeneralOn-going
WashingtonApproved1.00General11/01/2027
West VirginiaApproved1.20GeneralOn-going
WisconsinApproved1.00GeneralOn-going
WyomingApproved1.00General01/05/2025