Navigating Corporate Governance in the Zone of Insolvency: Board-Level Responsibilities and Best Practices

Member Pricing: Complimentary 

When financial distress takes hold, boards move into unfamiliar territory, where every decision carries heightened risk. Directors must balance oversight of management with obligations to creditors, regulators, and shareholders—often under the microscope of courts and the public. This session goes beyond theory, offering practical, real-world guidance on what governance looks like in the zone of insolvency.

Jeff Pomerantz and John Dubel bring deep experience advising companies and boards through crisis. They’ll discuss how fiduciary duties evolve, when to consider appointing independent directors, and what boards can do to mitigate liability while steering companies through uncertain times.

This session equips directors with actionable strategies to fulfill their responsibilities and protect themselves when the stakes are highest. 

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Key Benefits

Risk Awareness

Understand how fiduciary duties and liability exposures shift in insolvency.

Action Steps

Gain practical approaches for fulfilling board responsibilities under financial distress.

Independent Oversight

Explore the role independent directors can play in restructuring scenarios.

NACD Credits

NACD will award 1 NACD credit toward achieving and maintaining NACD Directorship Certification^® and NACD Board Leadership Fellowship for in-person attendance. Credits will be applied after the event based on attendees' overall session attendance.

NASBA Continuing Professional Education (CPE)

Continuing Professional Education (CPE) credits (i.e., Certified Public Accountants (CPAs)) are available. NACD is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

• Instructional delivery methods: Group Internet
• Number of Hours: 1.0
• Field of Study: Personal Development
• Level: Basic
• Prerequisites: Directors with at least one year of experience in a public, private, and/or NFP board
• Advance preparation: None

Event Policies:

All registrations must be completed by clicking the "Register" button. Registrations are not accepted by email or over the phone. A receipt will appear in your confirmation email.

Event Cancellation:

Cancellations must be completed online via the cancellation/modified registration button. Click the "Already Registered?" link to access the cancellation form.