Staying Out of Trouble: Fiduciary Duties and Conflicts of Interests in Venture-Backed Companies

Conflicts of interest at venture-backed companies are common but can usually be managed to avoid or minimize litigation risk. The key is to recognize and confront the conflict, not to hide from it. This expert panel will review the myriad conflicts arising within venture-backed boards and offer practical, state-of- the-art techniques that can help eliminate or minimize this high-risk exposure.

Session Material

• Director Independence: The Impact of Business and Personal Relationships
• Delaware’s Most Recent Thinking on the Preferred-Common Conflict: Hsu v. ODN Holding Corp. and In re Appraisal of GoodCents Holdings, Inc.
• The Venture Capital Board Member’s Survival Guide: Handling Conflicts Effectively While Wearing Two Hats