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Franczek P.C.

PAC Issues Binding Opinion Regarding Alleged OMA Violations for Improper Board Meeting Action and Remote Participation

Franczek P.C. on

The Illinois Public Access Counselor (PAC) issued its seventh binding opinion of the year, finding a Village Board of Trustees violated the Open Meetings Act (OMA) by taking improper action to authorize the purchase of a...more

Allen Matkins

Does An Exchange Of Emails Constitute A Board Meeting?

Allen Matkins on

Under the California General Corporation Law, a board of directors can take action in two different ways - at a meeting or by unanimous written consent.  See Cal. Corp. Code § 307.  Over a decade ago, I posed the question of...more

White & Case LLP

FTSE 350: July 2022 Snapshot of Arrangements for AGMs

White & Case LLP on

Key trends - We are now over half way through the year and moving towards the end of the AGM season. The trends which we identified at the start of the year have generally continued. Most companies have chosen to hold a...more

White & Case LLP

FTSE 350: Snapshot of Arrangements for AGMs

White & Case LLP on

Refinitiv, Q1 2022 Adviser Rankings, US law firms, September 2021 We continue to track the approach FTSE 350 companies are taking to the holding of their AGMs. We have set out in our snapshot the approach companies have taken...more

Cranfill Sumner LLP

The Danger of Open Meetings Violations

Cranfill Sumner LLP on

Compliance with the Open Meetings Law is an ongoing, ever-present obligation for all North Carolina public boards.  The advent of Governor Cooper’s COVID-19 State of Emergency declaration prompted additional open meetings...more

Morgan Lewis

New York Not-for-Profits Can Permanently Embrace Virtual Meetings

Morgan Lewis on

Virtual member meetings for New York State not-for-profit and religious corporations, which were originally allowed as an exceptional circumstance, are now permitted permanently. New York had temporarily modified its...more

BCLP

Risky Business: Recording Board Meetings

BCLP on

With the Delta variant surge, many companies have delayed plans for a return to in-person board and committee meetings. The go-to alternative, in many cases, will be a return to video conferences, which worked well in the...more

Fisher Phillips

5 Things to Consider When Updating Your School’s Bylaws

Fisher Phillips on

As schools reflect on the most challenging year in memory and start a new one, you may want to consider using this time to update your school’s bylaws. There have been a number of lessons learned over the past 18 months that...more

Bricker Graydon LLP

School boards: The end of the virtual public meeting? All is not lost

Bricker Graydon LLP on

The concept of a virtual public meeting arose out of necessity due to the COVID-19 pandemic. Pursuant to Amended Substitute House Bill 197, Ohio’s General Assembly authorized emergency relief to the Open Meetings Act...more

Franczek P.C.

Virtual Board Meetings may Soon be coming to an End

Franczek P.C. on

On Friday, June 25, 2021, Governor Pritzker extended the Disaster Declaration related to COVID-19 for another 30 days. Pursuant to the declaration, public bodies may continue to hold virtual meetings in accordance with the...more

Davis Wright Tremaine LLP

[Webinar] Navigating Nonprofit Governance Challenges - October 13th, 11:00 am - 12:00 pm PT

In our second webinar, we will address: - Virtual board meetings - Satisfying duties of care and supervision in an all-remote environment - Financial reporting to the board - Accessing endowment funds: a map to the...more

Davis Wright Tremaine LLP

[Webinar] Election Year Advocacy for Nonprofits: Do's and Don'ts for the Coming Months - September 29th, 11:00 am - 12:00 pm PT

In our first webinar, we will address: - Understanding what is possible with nonprofit advocacy - Identifying and avoiding political campaign intervention - Navigating permissible lobbying activities - Protests, civil...more

Franczek P.C.

Governor Declaration Extends Virtual Board Meeting Right, Increases In-Person Meeting Limits

Franczek P.C. on

On June 26, 2020, Illinois Governor J.B. Pritzker extended by 30 days, until July 26, 2020, the disaster proclamation relating to COVID-19. As a result, public bodies may continue to hold virtual board meetings pursuant to...more

Goodwin

Financial Services Weekly Roundup: Code Libor – SEC And OCIE Issue Risk Alert In Preparation Of Libor Discontinuation

Goodwin on

In This Issue. The Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert about the scope and content of examinations OCIE plans to conduct of various...more

Franczek P.C.

New OMA Requirements for Virtual Meetings Are Now Law

Franczek P.C. on

On Friday, June 12, Illinois Governor J.B. Pritzker signed Public Act 101-640,?which, among other things, amends the Open Meetings Act to allow public bodies to hold virtual board meetings without the physical presence of a...more

Franczek P.C.

PAC Issues Further Decisions on Public Comment and Participation for Remote Meetings Under OMA

Franczek P.C. on

As discussed in previous alerts posted on March 16 and March 18, Illinois Governor J.B. Pritzker passed an Executive Order suspending certain Open Meetings Act (OMA) requirements in the wake of COVID-19. Since the issuance of...more

Vedder Price

Board Oversight in the Age of COVID-19: Part Six

Vedder Price on

Part 6 of a weekly series detailing approaches that independent board members are utilizing to address coronavirus-related matters and highlighting emerging issues. Part 1, Part 2, Part 3, Part 4 and Part 5 of the series may...more

Woods Rogers

COVID-19 Legislative Update: Community Association Boards May Meet Virtually During State of Emergency

Woods Rogers on

On April 22, 2020, the Virginia General Assembly approved two budget amendments recommended by Governor Northam that allow boards of directors of property owners’ associations and condominium unit owners’ associations to meet...more

Woods Rogers

Community Association Board Meetings During the Time of COVID-19

Woods Rogers on

Our office has received numerous inquiries regarding whether and how boards of directors of Virginia community associations can meet the statutory requirements for open meetings and the “2-director rule” during the...more

Foley & Lardner LLP

Virtual Shareholder and Board Meetings: Important Considerations for California Companies

Foley & Lardner LLP on

In these unprecedented times of “shelter in place” orders, remote working, and other strategies Americans are taking to mitigate the risks associated with COVID-19, we anticipate that many organizations will decide to...more

Cooley LLP

Blog: The Conference Board weighs in on key areas for board focus during the pandemic

Cooley LLP on

In this article, the executive director of the ESG Center and the managing director, ESG, of The Conference Board identify seven key areas for board focus in light of the COVID-19 pandemic, essentially an update, given...more

Nilan Johnson Lewis PA

How Can Nonprofits Hold Board and Member Meetings During a Pandemic?

Nilan Johnson Lewis PA on

Most nonprofit board/member meetings are governed by the below set of rules, though there are a few nonprofits subject to the Open Meeting Law. This article does not address OML issues....more

Dechert LLP

COVID-19: UK Tax Residence Risks for Offshore Funds and Related Entities – HMRC Update

Dechert LLP on

Following on from our recent OnPoint (COVID-19: UK Tax Residence Risks for Offshore Funds and Related Entities), HMRC has now published guidance on the corporate residence issues posed by COVID-19. ...more

Skadden, Arps, Slate, Meagher & Flom LLP

SEC COVID-19 Relief for Registered Funds and BDCs: A Summary

In recent weeks, the U.S. Securities and Exchange Commission (SEC) and market participants have dealt with the current and potential impact of the novel coronavirus COVID-19 pandemic. To help market participants remain in...more

Sullivan & Worcester

SEC Updates to Guidance on Shareholder Meetings and Annual Meetings

Sullivan & Worcester on

The SEC staff has further updated its relief and guidance for public company shareholder meetings in light of COVID-19 concerns (see: https://www.sec.gov/ocr/staff-guidance-conducting-annual-meetings-light-covid-19-concerns)....more

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