Plenary Session – Staying out of Trouble: Conflicts of Interest and Fiduciary Duties of the Venture-Backed Board

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
• Venture Capital Firms and Their Portfolio Company Directors Face Risk of Liability for Conflicts of Interest