COURSECA$182
Navigating Governance Challenges in Closely Held Companies
Legal Frameworks, Ethical Issues, and Conflict Resolution
schedule 1 hour3.8(4 ratings)
starstar
starstar
starstar
starstar
starstar
Created By Toronto Lawyers Association
-54%
CA$83
auto_storiesINSTRUCTOR(S)
Toronto Lawyers Association
Toronto Lawyers Association by CPDonline
About this course
Bar of Quebec
LSA
LSBC
LSM
LSNB
LSNL
In this program, Susan Kushneryk and Eric Morgan discuss how lawyers who work with closely held companies can navigate governance challenges, including complex legal frameworks and ethical issues involved in the governance of companies. Topics include:
• Overview of governance legal principles
Directors’ duties (fiduciary and duty of care) Relevant statutes (OBCA and CBCA) and case law
Corporate separateness, and shareholders’ and other stakeholders’ rights
• Common sources of conflict in closely held companies and how to deal with them
Unclear division of roles and responsibilities between directors, owners, and managers Recognizing when there are conflicts of interest between different governance actors because of their different legal obligations (e.g. directors and shareholders) and what counsel needs to do in these circumstances, including referring the client(s) to separate counsel
Disputes over allocation of decision-making powers and economics benefits, and succession issues in family enterprises o Ethical issues for counsel working with closely held companies when conflicts aris
• How these conflicts can be avoided and resolved, both in and out of court
Governance best practices to avoid conflicts Managing the relationships between different governance actors that may become acrimonious and personal while maintaining civility in the boardroom and continuing to understand and discuss with the client what the client is looking for in terms of a successful outcome o Involvement of independent counsel (e.g. when separate representation is needed and for investigations)
Presenter(s)
• Susan Kushneryk
• Eric Morgan
This course includes:
schedule1 hours on-demand video
signal_cellular_altBeginner level
task_altNo preparation required
calendar_todayPublished At Apr 4, 2023
workspace_premiumCertificate of completion
errorNo prerequisites
lock1 year access
calendar_todayUpdated At Aug 8, 2024
HomepageBecome an InstructorLearnFormula PodcastsLatest IntelligenceLearnFormula BusinessTerms of useContact usPrivacy policyReport AbuseHelp Center
Copyright @ 2024 Legal Education LearnFormula | Professional Development Course Marketplace