09 April, 2020 | (01 hr)
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What are the legal and governance implications of the COVID-19 outbreak? What should companies and boards be considering in this time of crisis?
In this webcast Paul Washington, Executive Director of The Conference Board ESG Center, hosted a panel of experts to discuss the key implications of the COVID-19 outbreak. Among the key topics:
- How law departments can stay on top of the latest directives from federal, state, local, and international authorities – and share that information through a centralized database that is available to HR, IR, Government Relations, and business units, so that there is one consistent source of information and guidance.
- How the frequency of communication with the board varies, based on the level of trust in, and tenure of, senior management, with weekly and even daily communications being appropriate – and the importance of “extreme transparency” during this time.
- What areas boards are focusing on in terms of oversight and the key questions to ask about the firm’s financial condition and workforce.
- What areas, such as executive compensation, are currently areas for board decision-making (including the need to avoid “windfall” equity grants to executives and directors).
- The importance of making decisions during this period of “survivability” with “sustainability” in mind, including the fact that board and management decisions will be scrutinized and judged by multiple stakeholders, not just by investors and the plaintiffs’ bar.
- The importance of having a comprehensive picture of a company’s contracts with force majeure provisions, a consistent approach to handling those obligations, with an emphasis on seeking negotiated commercial resolutions.
- The latest trends in annual shareholder meetings, with relatively few being postponed and most being held as virtual-only meetings.
Who Should Watch: Current and prospective board members of public and private companies; CEOs, General Counsel, and other C-suite executives; corporate secretaries; employment lawyers and other attorneys; investors; and other corporate governance and financial professionals.
Sara Yang Bosco was appointed senior vice president, secretary and general counsel for Emerson in May 2016. In this role, she is responsible for Emerson’s legal affairs, as well as providing legal counsel on a wide range of matters, such as mergers and acquisitions, comp...Full Bio
Mr. Daly served as Chief Executive Officer of Broadridge from 2007 to 2019 and became Executive Chairman in 2019. He has been a member of our Board of Directors since 2007. Previously, Mr. Daly was Co-President of ADP Brokerage Services having founded and sold what is now the Investor Commu...Full Bio
David Lopez’s practice focuses on representation of corporate clients in a wide range of corporate governance, public reporting, capital markets, finance, and liability management matters.
Lisa M. Schweitzer
Lisa M. Schweitzer’s practice focuses on financial restructuring, bankruptcy, insolvency and commercial litigation.
Paul Washington is a recognized leader with a distinguished career in the ESG space. Before joining The Conference Board ESG Center, he served as Senior Vice President, Deputy General Counsel, and Corporate Secretary of Time Warner Inc. He also served as Chief of Staff for the company’...Full Bio