CHICAGO, June 3, 2021 — Understanding technology issues is imperative for boards of directors and lawyers in order to identify potential legal implications that can affect an organization. The American Bar Association Business Law Section has published “Director’s Technology Handbook: Tips and Strategies for Advising Corporate Directors” that provides guidance to understand and decipher critical technology matters.
The handbook is a compilation written by leading practitioners in related practice areas. Beginning with a brief recap of directors’ duties under Delaware corporation law, the handbook highlights the intersections of law and technology and features technology examples to illustrate issues that are expected to remain persistent in years to come. The context in which the matters arise in practice will evolve through the ordinary course of technology innovation.
As a quick reference tool, the chapters are short with brief background descriptions and key questions to guide the reader on approaching technology as a pervasive, persistent and evolving force. Written by practice leaders in specialty areas, this guide includes discussion on:
- The lawyer’s role in communicating with the board about technology
- Fiduciary duties of corporate directors
- Regulatory compliance and compliance risk
- Cross-border issues illustrated by laws to note when doing business with Canada
- Contracts, contract management and licensing agreements
- Understanding cloud computing
- Acquiring technology assets
- International privacy laws
- Board attention to cybersecurity issues
- Tips for lawyers to engage effectively with clients about technology
The guide is edited by Candace M. Jones, an associate general counsel and vice president at the Federal Reserve Bank of New York. She leads a team in the Legal Function's Financial Services, Technology and Contracts division focused on technology and procurement matters.
Title: “Director’s Technology Handbook”
Publisher: Business Law Section
Pages: 178 pages
Product Code: 5070792
Orders: 800-285-2221 or ShopABA.org
Editor’s note: Author interviews and review copies of this book are available by emailing Katrina Krause at [email protected]. If you publish a review of this book, please send tear sheets or a copy for our files to Katrina Krause, ABA Business Law Section, 321 N. Clark St., Chicago, IL 60654.
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