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Accreditation and CLE Rules for Pennsylvania
National Academy of Continuing Legal Education is a Pennsylvania Accredited CLE Provider (Provider ID 6208).
The Supreme Court of Pennsylvania CLE Board maintains an Accredited Provider listing on their website at https://www.pacle.org/providers/accredited. You can find us listed under “National Academy of Continuing Legal Education.” Additionally, you can see our official approval letter here: PA_Approval.pdf.
*COVID-19 Update for 2024: The Supreme Court of Pennsylvania issued a Court Order temporarily allowing live online webinars as a substitute for in-person classroom for 2024 compliance deadlines. Attorneys in Pennsylvania may now complete 6 hours of their 2024 CLE requirements through live webinars and 6 hours through approved distance learning activities. Therefore PA attorneys can now satisfy their entire requirement with our DVDs, Audio CDs, USB Stick, Online, iOS/Android App, and Live Webinar courses for 2024! PA Continuing Legal Education Board Notice
Pennsylvania attorneys are assigned one of three compliance groups:
Group 1 must complete the annual CLE requirement by April 30th of each year
Group 2 must complete the annual CLE requirement by August 31st of each year
Group 3 must complete the annual CLE requirement by December 31st of each year
We promptly report your CLE attendance to the PA CLE board and pay the associated fees.
Pennsylvania allows attorneys to carry over up to 24 excess credits earned from one compliance period into the next two future compliance periods. Only credits earned through live courses or live interactive webinars may be carried forward, distance learning credits may not be carried forward.
Pennsylvania Continuing Legal Education Board Pennsylvania Judicial Center
601 Commonwealth Ave., Suite 3400
PO Box 62495
Harrisburg, PA 17106-2495
Toll Free: (800) 497-2253
Local: (717) 231-3250
Fax: (717) 231-3251 www.pacle.org/about/PACLE_board.asp
Silicon Valley Bank: Do Its Outside Directors Share in the Blame for Its Failure?
CLE Courses Available on DVDs, Audio CDs, USB Stick, Online & iOS/Android App and 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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