October 21, 2014
12:00 – 1:00 p.m.
1.00 MCLE hours
Allocating authority to make decisions – whether with respect to daily operations or major transactions – in closely held companies is vitally important and often highly negotiated. Investors view governance controls as the first line of defense in protecting their investments, ensuring they can veto – or force – major transactions. Shareholders or members who are also managers want maximum flexibility to react daily circumstances and opportunities with only limited control by outside investors. Minority stake shareholders or members fear being locked out of decisions or having limited rights to important company information. Often too, one shareholder may have interests in other companies in the industry, raising the specter of direct or indirect conflicts of interest. Successfully resolving these inherent tensions is important to the company’s stability and success. This program will provide you with a practical guide to the major issues and practical solutions of governance in closely held companies.
Matthew Hyde, Cooley, LLP, Colorado
Christopher Kiyan, Cooley, LLP, Colorado