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Governance of Privately-Held Corporations and Limited Liability Companies – April 20

Governance of Privately-Held Corporations and Limited Liability Companies – April 20

While the bulk of law and legal commentary focuses on the issues faced by stakeholders of publicly held corporations, most businesses in America are actually privately-held. This program will examine privately-held corporations and limited liability companies, their governance and the rights and responsibilities of shareholders, members, directors and managers in those entities. We will consider questions such as: How does a Member or Manager’s fiduciary duty of care under the New Jersey Revised Uniform Limited Liability Company Act compare to the duty under the Delaware Limited Liability Company Act and under corporate law? How do the duties of care and loyalty, and the contractual obligation of good faith and fair dealing under New Jersey’s RULLCA and Delaware’s LLCA, compare with the fiduciary duties owed by shareholders in the privately-held corporation? How do they compare with the duties under New Jersey’s former LLC law? What are the rights and remedies of oppressed minority shareholders of privately-held corporations? Of oppressed minority members of LLCs? What are the key ethical issues faced by counsel of privately-held corporations and LLCs?
FACULTY:
MARK R. DECKER
Senior Vice President and General Counsel
The Connell Company
Berkeley Heights, NJ

ANDREW L. ROSSNER
Associate Dean for Professional and Skills Education and Professor of Law
Rutgers Law School
Newark, NJ

DENISE WALSH
Member
Saiber LLC
Florham Park, NJ

CATHERINE G. DEARLOVE
Director
Richards, Layton & Finger, P.A.
Wilmington, DE

Moderator:
JEFFREY M. SHAPIRO
Partner
Lowenstein Sandler LLP
Roseland, NJ

LOCATION:
Rutgers Law School
Center for Law and Justice
123 Washington Street
Newark, NJ 07102
CLE CREDITS: NJ: 2.2 | NY: 2.0 | PA: 1.5
SUBJECT AREAS:
Business and Corporation
Corporations/Partnerships
COST:
$50.00
Please click here to register.