Silicon Valley Bank Failure: What Does it Mean for Director Priorities?
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NACD Northern California
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Lisa Spivey,
Executive Director
Kate Azima,
Director of Partnerships & Marketing
programs@northerncalifornia.nacdonline.org
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About The Event
The failure of Silicon Valley Bank created market panic for depositors and shareholders alike. Three weeks later, financial markets remain rattled with increased instability. A recession is highly probable. We’ve all heard the saying “wartime vs. peacetime CEO”. Should the same need apply for “wartime vs. peacetime directors”? If so, how does this impact priorities and the need to govern in the wake of uncertainty?
This discussion focused on:
- Balancing ESG and DEI reporting mandates while maintaining oversight of basic business fundamentals
- Fallout of SVB and Signature - avoiding the pitfalls of director culpability and director liability exposure
- Understanding and reviewing investment policies and the boards role in oversight
The role of regulation - Credit crunch and looming commercial credit defaults
Eileen Schloss moderated this interactive conversation with Christa Steele and Jackie Liu.
Check out Morrison Foerster's Banking Disruption Resource Center to stay updated on the evolving situation.
Thank you to our generous sponsor for hosting this event: