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