Managing Fiduciary Duties During the Pandemic
COVID-19 Checkups: Managing Your Business Through the Pandemic
Businesses are adopting new Workplace Policies to keep their company’s afloat, meet deadlines and keep their staffs safe and productive. Without careful planning, COVID-19’s disruptions to supply chains and impacts on Employees, Customers and Vendors can decimate your Company’s value and even viability. Transbay Law Group helps Businesses of all sizes to respond to the COVID crisis, navigate uncharted waters, maintain operations and stand ready to capture new opportunities in the months ahead. Contact Stuart Hays, Managing Partner; [email protected]; (650) 520-9771.
As fiduciaries, Managers and Boards are required to keep themselves informed about their Company’s risks, operations and compliance with Workplace rules and the law. Companies that operate without detailed Workplace Policies and COVID strategies risk legal action from a broad range of parties. What are your obligations for keeping stakeholders safe, systems secure, facilities clean and the enterprise operational. How does COVID-19 impact HR matters, facilities management, leasing matters, corporate communications and regulatory compliance?
Transbay Law Group’s lawyers are uniquely qualified to rapidly answer a broad range of regulatory, contractual, transactional and litigation exposure issues in the COVID-19 environment in a rapidly changing environment. To discuss the Legal and Business implications for your Company, contact Stuart Hays, our Managing Partner at (650) 520-9771; [email protected] who will deliver you to a qualified member of our COVID-19 practice group.
Corporate and Transactional Considerations
- How can Board Members and Senior Management perform and discharge their fiduciary duties to shareholders and others? To whom do they owe a fiduciary duty? What duties are owed in light of COVID-19?
- Is COVID-19’s impact “Material” for purposes of SEC disclosures statements? How does it impact the Company’s business including financial condition, supply chain, liquidity, results of operation.
- How does a Company prepare a plans for Succession, Emergencies, Continuity, Loss of Key Employee. Are Crises Management Plans Required? Prudent?
- What are your Company’s Quarantine and Cash-Flow risks? Do Government Action/Inaction Mitigate them?
- Are Hostile Takeovers a Risk?
- Should Business add COVID-10 Risk Factors to Offering Memoranda? And SEC Filings?
- Are COVID-19 impacts covered by Insurance?
Transbay Law Group, PC is providing these questions for educational purposes only. This does not constitute legal advice or create an attorney/client relationship. Do not act upon the information herein with obtaining advice from Transbay Law Group, PC or other qualified and experienced advisers. The information herein is not intended to be used to avoiding any federal, state or local tax penalties.