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.
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.
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.
1.5 General Credits
ProLawCLE will seek approval of any CLE program where the registering attorney is primarily licensed with exceptions stated below. Application is made at the time an attorney registers for a course, therefore approval may not be received at the time of broadcasting.
ProLawCLE does not seek approval in the state of Virginia.
Each state has its own governing rules and regulations with regards to CLE courses and formats, therefore please contact your state MCLE regulatory entity for further details about your state's rules. Please visit our State Requirements page for information regarding your state's CLE requirements and/or contact information for your state bar.
As stated in our Reciprocity Provision, ProLawCLE will grant credit in the following states through reciprocity, therefore direct application will not be made in these states:
AK, AR, AZ, CA, CT, DE, DC, FL, HI, MA, MD, ME, MI, MO, ND, NH, NJ, NM, NY, SD, PR.
The following states are self apply. The attorney can apply for credit at no cost. We will provide documentation for them to apply:
CO, IA, NE
OH Attorneys please note: OH Supreme Court will not approve any course that was aired more than 12 months prior.
SC Attorneys please note: Registration must occur no later than 5 business days from the event date or course accreditation is not guaranteed.
ProLawCLE is dedicated to providing quality education from expert speakers and ensuring each attorney receives CLE credit for their participation. If for some reason a particular course does not receive approval in the attorney's primary state of licensure, ProLawCLE will give credit for a future approved course or give a full refund, if applicable.
Each On-Demand course is available to you for 1 year from date of purchase. Additionally, CLE credit is only available within that year.
Read our full Reciprocity Provision here
- What Is the Board’s true job -governance or management? What is the real difference?
- What are the characteristics of the ideal Board member and Board Chair? The ideal CEO? The ideal outside counsel?
- How does a Board meeting become a ritual of management approval instead of a model of strategic guidance?
- What are the pitfalls awaiting the self-dealer, the witch-hunter and the sycophant?
- What are the most common sins of omission and commission of a dis-functional Board?
- How can “founder-itis” and sclerotic thinking doom proper Board succession? How can the immovable member be moved?
- 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.