Julia D. Corelli Quoted in Private Equity Law Report Series
Troutman Pepper partner Julia D. Corelli was quoted in the three-part series by Private Equity Law Report on “Sponsor‑Appointed Directors on Portfolio Company Boards: Common Risk Scenarios Triggering Conflicts and Fiduciary Breaches.”
The first article takes a look at the most common challenges arising from having sponsor-appointed board members, including breaches of competing fiduciary duties; misuse of MNPI; and scrutiny from LPs.
The second article will prescribe several board construction methods and policies to mitigate those risks, and the third article will explore various scenarios in which risks arise from having sponsor-appointed members on portfolio company boards.
*A subscription to Private Equity Law Report is required to read the full articles.