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Sponsored by Lorman Education
Product ID: 406535EAU
 
Credit & Course Provided by:

Obligations and Ethical Considerations for Attorneys Serving on Nonprofit Boards

OnDemand Webinar (89 minutes)

Understand the difference between being a board member and being an attorney rendering legal advice to a nonprofit organization.Lawyers often serve as board members for nonprofit corporations. In some instances, they are sought out by organizations seeking their input in the form of volunteer professional advice, as a means for the nonprofit to reduce administrative expenses and focus funds on programmatic goals. In other cases, the motivation is from the attorney desiring to give back to his or her community, particularly for transactional attorneys who may eagerly choose nonprofit board involvement rather than pro bono court appearances. Despite the best of intentions, in the absence of clear expectations, at times these arrangements may do a disservice to both the organization and the attorney. Nonprofits certainly can benefit from the sound advice and counseling of board members with legal training. This topic will assist attorney board members in understanding their role on the board, including the balance between fiduciary obligations as a board member and professional obligations if representing the organization.

Authors

Brett R. Harris, Esq., Wilentz, Goldman & Spitzer, P.A.

Agenda

Fiduciary Obligations of All Board Members

Issues Particular to Attorneys Serving on Boards

Representing an Entity While Serving on the Board

• Ethical Obligations

• Attorney-Client Relationship

• Board Procedures for Retention and Determining Compensation

How to Be an Educated Board Member

• Key Documents for Review

• Due Diligence Compliance Checks

• Issue Spotting

Protections Against Liability

• Statutory Immunities

• Indemnification Rights: Basic and Enhanced

• D&O Insurance