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Corporate Governance of Subsidiaries

Corporate Governance of Subsidiaries

 Duration: 75 Minutes

Faculty: Paul Marcela      Level: All      Course ID: 1156


Corporate Secretaries and other governance professionals of corporations that have wholly or majority owned subsidiaries and other partially owned legal entities have a responsibility to attend to corporate governance requirements relative to subsidiary corporations just as they do with respect to the parent company. Among other things, attending to subsidiary corporate governance is important to protect the corporate veils of subsidiaries so that the litigation claimants and other creditors of subsidiary corporations will not be able to access the assets of the parent corporation to satisfy their claims.

Why should you Attend:

Often times, Corporate Secretaries and other governance professionals in large corporations with subsidiaries expend an appropriate amount of resources on robust corporate governance at the parent corporation level but neglect providing the same level of corporate governance services at the subsidiary level. This is a “trap for the unwary”. This webinar will focus on the reasons to practice robust subsidiary corporate governance and related issues.

Areas Covered in the Session:

  • Different types of legal entities and related governing documents and state filing requirements
  • Role of subsidiary boards vs. the parent company board
  • Subsidiary board structure
  • Subsidiary board composition
  • Subsidiary board’s risk management responsibilities
  • Minimizing subsidiary legal risks
  • Protecting the corporate veil
  • Proper oversight of subsidiaries
  • Use of corporate governance service providers and related technology
  • Models of subsidiary corporate governance
  • Role of the Corporate Secretary in subsidiary corporate governance
  • Increased controls relating to subsidiary corporate governance

Who Will Benefit:

  • Members of Boards of Directors
  • Principals of private equity firms
  • Family offices and venture capital firms
  • Chief Executive Officers
  • Chief Financial Officers
  • Corporate Secretaries
  • Assistant Corporate Secretaries and other Corporate Governance Professionals
  • General Counsels and other in-house attorneys
  • Corporate attorneys practicing in law firms

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Paul Marcela is the President of Governance Partners Group, a corporate governance services firm that specializes in providing outsourced Corporate Secretary services to companies that seek support in attending to the corporate governance requirements of their Boards of Directors.