Description
Successfully manage legal entities by learning the essentials of legal entity corporate governance.Paralegals who work in a company’s Office of the Corporate Secretary of a corporation that has various types of subsidiary corporations will learn the importance of ensuring the corporate governance for each of the subsidiaries is done properly and in compliance with relevant corporate laws. Focus on corporate governance at the subsidiary level for domestic and foreign legal entities is critical but often neglected. This material will sensitize those who are responsible for subsidiary legal entity corporate governance to the need to attend to the relevant details on a continuous basis.
Date: 2020-03-31 Start Time: End Time:
Learning Objectives
Different Types of Legal Entities
• Corporations
• Limited Liability Companies
• Partnerships
Governing Documents for Different Types of Legal Entities
Place of Legal Entity Formation
Required Corporate Filings
Initial Organizational Meetings
Selection of Directors and Officers
Dissolution of Subsidiaries
Role of the Subsidiary Board vs. the Role of the Parent Board
• General Principles
• Subsidiary Board Structure
• Subsidiary Board Composition
Risk Management Responsibilities
Minimizing Liability Risks
Protecting the Parent Company’s Corporate Veil
Proper Oversight of Subsidiaries
Use of Corporate Governance Service Providers
Use of Technology
Three Models of Subsidiary Governance
The Role of the Corporate Secretary
Focus on Increased Controls
Paul Marcela-Governance Partners Group, LLC
