Serving on a Not-for-profit Board: What attorneys need to know about obligations and potential personal liability

$195.00

CLE credits earned: 2 General Credits (WA 2 Law and Legal)

Volunteering for a not-for-profit organization can make a meaningful contribution to your community and be an opportunity to share a passion with others. As a volunteer board member, and particularly as an attorney, it is important to be aware of your obligations and potential personal and professional liability exposure. There are best practices to mitigate these risks and there are legal protections afforded to board members for not-for-profit organizations. You can minimize risks by being aware of the legal responsibilities, actively exercising diligence, and making informed and educated decision on matters before the board of directors.

Key topics to be discussed:

•   What are the Fiduciary Duties of Board Members of a Not-For-Profit Organization and how can Not-For-Profit Board Members Satisfy these Fiduciary Duties
•   Business Judgment Rule and Volunteer Protection Acts
•   Indemnification and Insurance
•   Case Law Decisions regarding Claims against Not-For-Profit Board Members

Date / Time: April 29, 2021

•   2:00 pm – 4:00 pm Eastern
•   1:00 pm – 3:00 pm Central
•   12:00 pm – 2:00 pm Mountain
•   11:00 am – 1:00 pm Pacific

Choose a format:

• Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
• On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 5 Business days after the original recording date and are view-able for up to one year.

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Original Broadcast Date: March 10, 2021

Laurie A. Martin Montplaisir | Robbins, Salomon & Patt, Ltd.

Laurie A. Martin Montplaisir concentrates her practice in the areas of finance, secured lending, corporate transactions, participations and workouts, and business acquisition and sales, with an emphasis in the asset based lending and factoring industry. Laurie represents small to middle market businesses in various life-cycle phases. She also frequently serves as outside general counsel on a myriad of legal issues related to business formation and structuring, financing, contract negotiation and drafting, transactional matters, employment matters, general business needs, and litigation. Laurie is currently serving on a not-for-profit organization in her community. Laurie also is the Founder of the International Factoring Association (IFA) Midwest Chapter established October 2018.  She often is a lecturer for the IFA, conducting webinars and seminars, and participating as a legal moderator at annual conference legal panels.

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I. Fiduciary Duty of Care 2:00-2:13
II. Fiduciary Duty of Loyalty 2:13-2:25
III. Five Ways to Satisfy Fiduciary Duties of Not-For-Profit Board Members 2:25-2:38
IV. Additional Personal Liability Situations 2:38-2:51
V. Business Judgment Rule 2:51-3:04
VI. Volunteer Protection Acts 3:04-3:17
VII. Indemnification 3:17-3:32
VIII. Insurance 3:32-3:45
IX. Review of Case Law Decisions regarding Claims against Not-For-Profit Board Members 3:45-4:00