Corporate governance is sometimes perceived as costly, but its cost is far outweighed by the benefits of avoiding lawsuits, governmental investigations and often irreparable damage in the marketplace.
Uniondale, NY (PRWEB) November 15, 2011
Ruskin Moscou Faltischek, P.C. announced today that it hosted a breakfast seminar entitled Corporate Governance Revisited: How the Rules of Engagement Are Changing for Companies and Their Boards, to a capacity audience on Wednesday, November 9, 2011 at the law firm’s offices atop RXR Plaza in Uniondale, New York.
The seminar focused on corporate governance, risk management and the ever increasing demands on board and audit committee members. The program was moderated by Ruskin Moscou Faltischek senior partner Irvin Brum, chair of the Corporate & Securities Department, in a question and answer discussion format. Distinguished panelists included Dr. Robert A. Scott, President of Adelphi University; Adam P. Silvers, partner and co-chair of the Corporate & Securities Department at Ruskin Moscou Faltischek; Denise M. Faltischek, Esq., Senior Vice President and General Counsel, The Hain Celestrial Group, Inc.; Lawrence J. Waldman, Partner in Charge, Audit Practice Development, EisnerAmper LLP and Eric H. Altstadter, Partner in Charge, Long Island Office, EisnerAmper LLP.
Dr. Scott stressed the need for active engagement by board members. He said "board members must be prepared to devote enough time so they can fully understand and stay informed about the organizations they serve. Not doing so creates serious risks for both the organization and the board member."
Moderator Irvin Brum said, “the critical importance of ongoing vigilance to good corporate governance practices continues to be validated by current news reports. Whether the allegations relate to massive corporate fraud at Olympus or the cover-up of criminal activity by Joe Paterno and Penn State, too many business and not-for-profit organizations fail to appreciate the reputational and economic consequences of unethical behavior.” He added that, “corporate governance is sometimes perceived as costly, but its cost is far outweighed by the benefits of avoiding lawsuits, governmental investigations and often irreparable damage in the marketplace.”
ABOUT: For more than 40 years, Ruskin Moscou Faltischek, a sixty professional firm headquartered in Uniondale, New York, has built a reputation as one of the region's leading providers of innovative legal services. Its attorneys are practical, experienced advocates who measure their success by their clients' success. Cornerstone groups in all major practice areas of the law are represented at the firm, including corporate & securities, financial services, commercial litigation, energy, intellectual property, health care, real estate, employment and trusts & estates. Clients include large and mid-sized corporations, privately held businesses, institutions and individuals