Attention:
Card image cap

Operating in the Gray: Balancing Risk Tolerance with Business Objectives


Level: Intermediate
Runtime: 60 minutes
Recorded Date: April 16, 2024
Click here to share this program
Printer-Friendly Version

Agenda

  • Background
  • Key Objectives
  • Role as a Risk Manager
  • Recognizing and Evaluating Risks
  • Balancing Risks with Business Priorities
  • Communicating Risk with Decision-Making
  • Qualities of a Strong Culture of Risk Moderation
  • Risk Tolerance
  • Merging Ethics and Compliance with Risk Management
  • Managing Litigation and Insurance
  • Challenges GCs face
  • Strategy for Risk Assessment

For NY - Difficulty Level: Both newly admitted and experienced attorneys

Description

Risk tolerance varies widely among organizations based on many factors, including the organization's overall business goals, the relative risk sensitivity of organizational leaders, and the nature of its assets, resources, and the operational processes they support. As business priorities can often shift and risks lie largely outside of a company's control, in-house legal teams play a key role in anticipating and mitigating the impact of major risks. Join this panel of experts as they discuss the importance of being proactive vs. reactive when it comes to balancing risk appetite with business decisions. Leave this session with a better understanding of how to identify the impact of different types of risks that may face your business, determine what amount of risk your business is willing to accept, and communicate with relevant decision-makers in your organization in order to best mitigate these risks should they occur.

Provided By

General Counsel Conference
Card image cap

Panelists

Card image cap

Elizabeth Barton

Managing Deputy General Counsel
Chicago Board of Education

Elizabeth Barton is a Managing Deputy General Counsel for the Board of Education of the City of Chicago with responsibility for overseeing three legal practice area groups in the Board’s law department: Litigation (state, federal, and administrative agencies), Transactions/Contracts, and Investigations. Reporting directly to the General Counsel, Elizabeth advises the Board, the Chief Executive Officer, and district senior leadership on organizational and risk management strategies, their implementation, and legal strategy. Prior to her current role, for 4 years, Elizabeth managed a team of lawyers who represents the Board in federal litigation, defending claims involving employment discrimination, due process, civil rights, Title IX, and special education. In that role, Elizabeth acted as first chair in higher-profile cases and obtained defense verdicts in three federal trials. Prior to joining the Board, Elizabeth spent 11 years in private practice representing a variety of local government entities across Illinois such as police departments, school districts, and park districts. Elizabeth is on the Board of Directors for the Chicago Chapter of the Federal Bar Association.

Card image cap

Betty Jang

Founder
BYJ Law

Betty Jang is an executive leader with extensive experience in private and public companies. With a keen focus on strategy and results, she has played a crucial role in driving success for companies from seed to growth to exit. With deep experience in fast-paced environments, she has a proven ability to evaluate, negotiate, and execute in various areas, such as buy-side and sell-side transactions, raising non-dilutive funding, post-IPO requirements, commercial contracts, and complex investigations with FINRA, DOJ, and federal/state OIG.

Through her change management initiatives, Betty has revolutionized operations, spearheading a company-wide compliance program that resulted in a 90% reduction in inefficiencies. Her innovative contract management program eliminated a $16.1 million backlog, streamlining business prioritization and accountability.

In her role as a proactive collaborator, Betty has been instrumental in driving cost savings of approximately $2 million by fostering strong partnerships with business stakeholders, implementing innovative fee structures, developing a proactive employment and risk management program, and deploying effective litigation strategies.

Card image cap

Theresa Shea

Vice President & General Counsel
Utz Brand

Member of senior executive team formulating and implementing corporate strategy with $5M P&L ownership of eight -person Legal Department. Responsible for all aspects of corporate governance, M&A, commercial, litigation, regulatory, technology/IP and labor/employment/benefits practice areas as well as ethics & compliance program.

Shea earned her Bachelors of Arts in English and Education and Juris Doctor degrees from the University of Illinois at Urbana Champaign.

Card image cap

Heather Nevitt

Editor-in-Chief, Corporate Counsel
ALM

Heather Nevitt is the Editor-in-Chief of Corporate Counsel, Inside Counsel and Global Leaders in Law. Heather brings Valuable content to the various publications sites she manages while building communities and developing new event ideas to engage readers.

Heather joined ALM in 2005 and was the Editor-in-Chief of Texas Lawyer. Before joining ALM, she practiced law and earned her JD from Michigan State University College of Law in East Lansing, Michigan.


Card image cap

Similar Courses

Card image cap
64 minutes
"I Am Not a Cat" Proceedings in a Virtual World
Besides becoming a pop-culture catchphrase, how has the shift to a virtual environment impacted proceedings over the last year, and what changes do you believe are here to stay? Our panel of experts will examine some of the greatest challenges, faux pas, and successes in virtual proceedings over the course of this transformative time.

Women, Influence & Power in Law Conference

$65

Add to Cart
Card image cap
63 minutes
2021: The Year of the ELM
Panelists will clarify what constitutes an ELM platform, examine its unique and compelling capabilities, and discuss its strategic and tactical advantages, particularly those stemming from data-driven insights and machine-driven decision making. Attendees will gain a clear understanding of the significance of the emergence of ELM solutions, what firms and law departments can achieve with ELM platform, and practical and ethical considerations related to adopting an ELM solution.

Legalweek

$65

Add to Cart
Card image cap
58 minutes
5 Ways Agreement AI Can Enhance Performance and Reduce Risk for Your Legal Team
In high growth companies, contracting pain points can make your organization less competitive. Fortunately, your legal team has access to world-class, robust AI solutions that can help enhance performance of the legal team and avoid common business pitfalls. If deployed correctly, contract AI can be a legal team’s best friend - shrinking the knowledge gap across years and silos, acting as a digital assistant to automate repetitive tasks, and arming lawyers with tools that help them be proactive rather than responsive.

Legalweek

$65

Add to Cart
Card image cap
56 minutes
A Comprehensive Guide on SPAC Litigation and Enforcement: Hot Buttons Explored
Join securities law expert Adrienna Huffman (The Brattle Group) as she brings the audience a comprehensive discussion of recent SPAC-related acquisitions.We will delve into an in-depth analysis of the current trends, litigatio nrisks, and provide practical compliance strategies for transitioning private companies amidst a rapidly evolving legal climate.

The Knowledge Group

$75

Add to Cart
Previous Next