Rebecca M. Freed will present a seminar at the New Jersey Bankers Association’s Senior Management Conference in Atlantic City on Thursday, September 26 on the subject of "Political Contribution Reputation Risk Management."
Ms. Freed, firm Counsel and member of the firm’s Corporate Political Activity Law, Non-Profit & Tax Exempt Organizations and Public Contract Law & Bid Protest Litigation Practice Groups, will address the importance for banks to develop, adopt and implement an effective political contribution compliance program.
Banks operating in New Jersey are subject to the regulated industry ban. Although bank resources may not be used in connection with political activity, bank officers, board members and employees have a First Amendment right to engage in individual political activity. Too often, banks do not think proactively about the potential liability and exposure that individual political activity may pose under both the regulated industry ban and under New Jersey's pay-to-play restrictions. In-House Counsel need to implement compliance procedures to ensure that their bank's officers, board members and employees are not opening the bank up to risk in these areas. For more information on the conference and Ms. Freed's presentation, please click here.