A Foolproof Board of Directors CLE Program
A Foolproof Board of Directors



Live Webcast/Rebroadcast – You watch the course online at the specified date and time shown below. You can ask questions and receive answers during the course.

On-Demand – You watch the course anytime and will have access to the course 24/7. Our On-Demand courses are available within 5-10 business days after the original recording and accessible for one year.

Course Description

This program was recorded on January 13, 2021

Commercial corporations, non-profits entities and similar enterprises are ultimately governed by their Boards of Directors, not by their presidents, CEO’s or staff. Too many Board members misunderstand their responsibilities and the legal responsibilities imposed by state laws and regulation. Dis-functional Boards doom enterprises as surely as incompetent management. This program’s purpose is to furnish the information that any Board member needs to do the job, to follow the law and to avoid the risk of personal liability. It also alerts Board counsel to the common sins of action and omission to guard against.

Attorney Frank DrakeFranklin Drake
Frank Drake concentrates his practice in the areas of creditors’ rights, creditors’ bankruptcy, and commercial litigation. Frank has worked with credit unions, banking and financial institutions, consumer and commercial lenders, and student loan agencies to enforce contracts, minimize losses, and fight fraud. As federal regulatory compliance has become increasingly complex, he also assists lenders with difficult compliance issues.

Contact Franklin Drake

1.5 General Credits

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Each On-Demand course is available to you for 1 year from date of purchase. Additionally, CLE credit is only available within that year.

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  1. What Is the Board’s true job -governance or management? What is the real difference?
  2. What are the characteristics of the ideal Board member and Board Chair? The ideal CEO? The ideal outside counsel?
  3. How does a Board meeting become a ritual of management approval instead of a model of strategic guidance?
  4. What are the pitfalls awaiting the self-dealer, the witch-hunter and the sycophant?
  5. What are the most common sins of omission and commission of a dis-functional Board?
  6. How can “founder-itis” and sclerotic thinking doom proper Board succession? How can the immovable member be moved?
  7. What are the burdens of fiduciary duty and what are the penalties for failing to bear them? All will be discussed in turn, and all can be remediated or avoided.