Corporate Governance: Best Practices, High-Profile Failures, and Lessons Learned | Bryna Dahlin

Corporate governance is key to any company’s long-term success as it enables an organization to control risks, achieve their goals, and assure regulatory compliance throughout.  Companies in the cannabis space are no different, and in fact, must implement more robust corporate governance policies and infrastructure than companies in most other industries as they’re uniquely operating within a highly-regulated industry subject to federal prohibition. This panel will discuss, among other things: (i) the goals of implementing solid corporate governance infrastructure; (ii) the importance of advising clients about best practices (including a discussion of the often-overlooked federal guidelines from the United States Sentencing Commission); (iii) the importance of implementing corporate governance controls and policies during a company’s infancy; and (iv) lessons learned from high-profile cannabis companies whose poor corporate governance practices had damaging impact.

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