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Corporate Governance: Best Practices, High-Profile Failures, and Lessons Learned
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- Not yet rated
- Categories:
- Business of Law | Business | Corporate Governance | Cannabis Law Sessions | Employment law
- Faculty:
- Amy McDougal | Bryna Dahlin | David Feldman | Jessica F. Gonzalez, Esq.
- Duration:
- 1 Hour 03 Minutes
- Format:
- Audio and Video
- SKU:
- INCBA060220COOD
- License:
- Access for 6 month(s) after purchase.
Description
Corporate governance is key to any company’s long-term success as it enables an organization to control risks, achieve their goals, and assure regulatory compliance throughout. Companies in the cannabis space are no different, and in fact, must implement more robust corporate governance policies and infrastructure than companies in most other industries as they’re uniquely operating within a highly-regulated industry subject to federal prohibition. Attorneys advising these companies must, therefore, be equipped to guide their cannabis clients as they navigate unchartered territory, adhering to corporate governance requirements and guidelines under state and federal law as well as implementing tried-and-true corporate governance practices implemented across every industry. This panel will discuss, among other things: (i) the goals of implementing solid corporate governance infrastructure including transparency, equity among shareholders, and maintaining the integrity and legitimacy of a cannabis company in particular; (ii) the importance of advising clients about best practices for effectively maintaining and enforcing corporate governance systems by, including, but not limited to, adhering to the often-overlooked federal guidelines from the United States Sentencing Commission; and (iii) the importance of implementing corporate governance controls and policies during a company’s infancy; and (iv) lessons learned from high-profile cannabis companies whose poor corporate governance practices had a damaging impact, including companies like Namaste Technologies.
Credits
This program is eligible for 1 hours of General CLE credit in 60-minute states, and 1.2 hours of General CLE credit in 50-minute states. Credit hours are estimated and are subject to each state’s approval and credit rounding rules.
INCBA webinars are generally eligible for credit in the following states: AR, AL, CA, CO, GA, HI, IL, NJ, NM, NY, ND, PA, TX, VT. Additional states may be available for credit upon self-application by attendees. States typically decide whether a program qualifies for MCLE credit in their jurisdiction 4-8 weeks after the program application is submitted. For many live events, credit approval is not received prior to the program.
The on-demand version of this webinar is eligible for credit in the following states: AR, AL, CA, CO, GA, HI, IL, NJ, NM, NY, ND, PA, TX, VT. Additional states may be available for credit upon self-application by attendees.
(Default credit disclaimer updated 02.08.2024)
For current accreditation status, please select your jurisdiction below.
Handouts
| California Leg. 3013 (0.11 MB) | Available after Purchase | ||
| Chapter 8 of the Federal Sentencing Guidelines Manual (0.59 MB) | Available after Purchase | ||
| DOJ evaluation of Corporate Compliance Programs (0.26 MB) | Available after Purchase | ||
| Illinois Leg. 5812 (0.11 MB) | Available after Purchase | ||
| NY LEGIS 747 (0.12 MB) | Available after Purchase | ||
| NYSE Listed Companies - Independent Directors (0.11 MB) | Available after Purchase | ||
| NYSE Listed Companies - Independence Tests (0.12 MB) | Available after Purchase | ||
| NYSE Listed Companies - Corporate Governance Guidelines (0.12 MB) | Available after Purchase | ||
| NYSE Listed Companies - Code of Business Conduct and Ethics (0.12 MB) | Available after Purchase | ||
| NYSE Listed Companies - Related Party Transactions (0.10 MB) | Available after Purchase | ||
Faculty
Amy McDougal Related Seminars and Products
CEO
CLEAResources LLC
Amy McDougal, Founder and President at CLEAResources, LLC, helps companies effectively manage their greatest legal and regulatory risks. She designs compliance and ethics programs to mitigate legal risks so company executives can focus on business.
"Increased emphasis on business transparency makes ethical performance a corporate priority," says Amy. A company's legal counsel may lack experience in developing compliance and ethics programs. Amy draws on her background as a prosecutor and in-house compliance counsel to conduct risk assessments through the skilled eyes of an attorney, without the steep law firm fees. "I keep current on state and federal enforcement trends. My assessments prioritize a company's vulnerabilities and recommend actions so clients get the most legal risk mitigation for their dollar."
Amy's clients range from federal contractors to global corporations including in the nascent cannabis industry. They rely on her expertise in compliance, codes of ethics, staff training, corporate monitoring, auditing, and investigations."The savviest approach is to put your compliance program in place as a sword to prevent misconduct. If an incident occurs, your program then becomes your shield. Prompt reporting, a proactive response, and a solid plan to remediate future misconduct demonstrate a commitment to ethical practices and legal compliance."
A well-published thought leader, Amy is founding director and corporate secretary of the International Association of Independent Corporate Monitors. Through IAICM, she educates businesses and promotes service quality. Amy's place at the forefront of her profession reflects leadership ability honed by service as a U.S. Air Force officer. "The military taught me to translate strategic thinking into tactical action. “That's exactly what I bring to my clients," she concludes. "I translate compliance and ethics into a practical program so businesses can confidently move forward in a clear direction."
Bryna Dahlin Related Seminars and Products
Chair, Cannabis Industry Group
Benesch
Bryna counsels companies in established and emerging industries at all stages of development. She is widely known for effectively navigating the cutting-edge legal issues present in the fast-growing cannabis industry. Her clients range from growers, distributors, product manufacturers and ancillary businesses to outside investors and traditional companies impacted by cannabis laws. Bryna also advises on issues of regulatory compliance; risk avoidance; interplay between state and federal law; contracts and licensing; advertising and product packaging; and intellectual property.
Bryna is also a highly experienced litigator, zealously advocating for her clients in federal and state courts at both the trial court and appellate levels. Past representations include prominent domestic and foreign food, beverage, pharmaceutical, entertainment, advertising and consumer product companies. Bryna was recognized for her legal acumen in 2013 by the National Law Journal, which named her as one of Chicago’s “40 Under 40,” and she has been named an Illinois “Super Lawyer” or “Rising Star” since 2010. In the spring of 2016, she taught Illinois’ first cannabis law course at Chicago-Kent College of Law.
Jessica F. Gonzalez, Esq. Related Seminars and Products
Attorney
Rudick Law Group, PLLC
As a cannabis attorney, Jessica Gonzalez assists cannabis clients navigate the legal cannabis and hemp industry in the tristate area. She has counseled start up and medium sized cannabis/CBD companies on various matters, including corporate entity set-up, state and local compliance, private offering documents and applications for state cannabis licenses. Jessica also counsels corporate and individual clients on intellectual property procurement, prosecution, protection and enforcement for domestic and international trademarks. As cannabis advocate, Jessica has presented on both the municipal and state level on topics such as social justice/social equity, IP protection, cannabis legislation, state and federal banking and state cannabis licensing.