Mitigation Strategies: How DCSA is Now Expanding its Scope and Increasing Requirements for Special Board Resolutions

October 1, 2024 11:15am

Matthew Madalo
General Counsel
Siemens Corporation

Norman E. Pashoian III
Industrial Security Consultant
White & Case LLP

  • Analyzing how DSCA is now reviewing Board Resolutions, how requirements are changing and which types of companies are now affected
  • Examining the requirements for a Board Resolution, and when the foreign entity does not own voting stock enough to elect a representative to the company’s governing board
  • How to handle a cleared subsidiary when the parent company has a small-percentage of foreign ownership
  • Determining which tools are (and aren’t) necessary in a mitigation, such as proxies, board resolutions and company service arrangements.
  • Addressing when an investor has a right to a board seat, but is not exercising their right, and documenting it for DCSA