Every corporation has to have a board of directors. And there are many people who relish the opportunity to serve on a board. But do corporations and individuals really understand what board service entails? Do they understand that while board service can be beneficial to both companies and directors in so many ways, being a director carries risk, including potential personal liability? Our program touched upon these and other areas, including:
- What do companies look for when selecting directors? Is this different from what they should look for?
- What does it really mean to be a board member? What are my roles, responsibilities, benefits and burdens?
- What should I worry about if I’m asked to join a board, including how much D&O insurance do I need?
- What emerging trends should I be aware of in considering board service?
Our speaker was nationally recognized expert Bob Lamm, who co-chairs the Securities and Corporate Governance Practice Group at the Gunster law firm.
Bob Lamm has co-chaired the Securities and Corporate Governance practice at Gunster, Yoakley & Stewart, P.A. in Fort Lauderdale, Florida since 2014 and has been an Independent Senior Advisor to the Deloitte Center for Board Effectiveness since 2013. From 2008 to 2013, Bob was assistant general counsel and assistant secretary of Pfizer. His previous experience includes service as vice president and secretary of W. R. Grace, senior vice president – corporate governance and secretary of CA Technologies, and managing director, secretary and associate general counsel of Financial Guaranty Insurance Company. He also has extensive experience with small and midcap companies, as well as nonprofit entities.
Bob is a long-term member of the Society for Corporate Governance. He has chaired its Securities Law Committee and served on its Corporate Practices, Finance and National Conference Committees, as a member of its board of directors, and as chair of its National Conference Committee. Additionally, Bob has received the Society s Bracebridge H. Young Distinguished Service Award and a Lifetime Achievement Award in Corporate Governance from Corporate Secretary magazine.
Bob is a member of the Florida and New York Bars and the American Bar Association. He frequently speaks and writes on securities law, corporate governance and related topics. He currently serves on the board of editors of The Corporate Counselor, as a member of Gunster’s Women Leadership Forum committee, as a senior fellow of The Conference Board Governance Center, and as a member of the Markets Advisory Council of the Council of Institutional Investors. He is also a member of the Board of Directors of Junior Achievement of South Florida and is Chair of its Governance Committee.