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Dedicated CLE Manager
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Accreditation and CLE Rules for Minnesota
National Academy of Continuing Legal Education is an approved Sponsor (10551) of CLE, recognized by the Minnesota Board of Continuing Legal Education.
Minnesota attorneys are required to take 45 credit hours every 3 years including 3 credit hours of Ethics and Professionalism, with a minimum of 2 credits of Elimination of Bias.
Effective January 1, 2024, there is no limit to the number of on-demand CLE credits a Minnesota lawyer may report towards their three-year reporting period. Approved courses viewed after January 1, 2024, towards the 2024 reporting period (or later) are not subject to a credit cap.
Beginning July 1, 2024, MN attorneys are required to take 1 credit in Mental Health and Substance Use Disorder. Compliance Group 1 (CLE due by 6/30/2024) is not required to complete this new credit type requirement until their new compliance period begins. Category 2 lawyers due to report in 2025 will be the first group of lawyers subject to this requirement.
Minnesota attorneys can earn all 45 CLE credit hours with us including 3 credit hours of Ethics and 2 credit hours of Elimination of Bias using our Online, iOS/Android App, and Live Webinar courses.
All Minnesota licensed attorneys are assigned to one of three reporting groups for CLE purposes. Attorneys can find their assigned reporting group in the upper left-hand corner of their wallet licenses.
Category 1: July 1, 2018 to June 30, 2021 & July 1, 2021 to June 30, 2024
Category 2: July 1, 2019 to June 30, 2022 & July 1, 2022 to June 30, 2025
Category 3: July 1, 2020 to June 30, 2023 & July 1, 2023 to June 30, 2026
Minnesota Board of Continuing Legal Education
Lawyer Registration Office
180 East 5th Street, Suite 950
St. Paul, MN 55101
651-297-7100
Silicon Valley Bank: Do Its Outside Directors Share in the Blame for Its Failure?
CLE Courses Available Online & iOS/Android App and with Live Webinars!
General Credits
1
$50
LIVE WEBINAR
May 29
Wednesday, May 29, 2024
11:00AM - 12:00PM Eastern Time (EDT)
About This Course
This riveting CLE course reviews the well-publicized failure in March 2023 of the high-flying Silicon Valley Bank. This bank ran out of money as a result of a quick, massive run on the bank—depositors sought their money back—immediately after the public disclosure of serious financial problems.
The demise of this Bank—with $209 billion in assets, its failure was the second biggest in U.S. history—received immediate widespread analysis and attention, much of which has been focused on the quality of the supervision of the Bank and its holding company by both federal and state regulators, as well as the management performance by senior executive leadership.
Little or no attention has been paid to the role of independent, or outside (non-management) directors. Outside directors, not being officers, are not responsible for managing the day-to-day operations of the company. They are, instead, in an oversight role. Broadly, they are responsible for establishing policies for the operation of the company and for monitoring the operation of the company by its management.
This program focuses on what potentially dangerous conditions—“red flags”—the outside directors were made aware of and when, so as to enable preliminary observations on their potential liability as directors under federal and state law.
General Credits
1
$50
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