In today’s episode, Stephanie and John discuss the broad topic of banks and banking and how corporate boards and officers should think about their banking options in light of the recent collapse of Silicon Valley Bank and fears of the potential for similar collapses. They are joined by Chris Pippett, a Fox Rothschild Partner who chairs the firm’s Financial Services Industry Practice Group and frequently advises banks and other financial institutions on corporate governance issues. This wide-ranging discussion will touch on best practices for companies and boards, including knowing your bank and its position; diversifying banking relationships; the components of conducting due diligence; and how to think about risk management as it applies to a company’s banking choices.

You can listen to the podcast episode below or for easy access on the go, listen to the podcast on the PLUS Connect App.

The transcript for this podcast recording is available to view below.

Meet the Speakers

Stephanie Resnick is a partner at Fox Rothschild, a national law firm, and is co-chair of the firm’s Directors’ and Officers’ Liability and Corporate Governance Practice Group. Consistently recognized both regionally and nationally for her skills as a business trial lawyer, Stephanie is lauded by her colleagues and peers for her strategic handling of high-stakes, complex business disputes in the federal and state courts of Pennsylvania, New York, New Jersey and beyond.

For 14 years, Stephanie has been ranked by Chambers USA as a leading litigator in Pennsylvania. She’s known for taking the lead in high stakes, bet-the-company litigation and defending corporate boards and officers in complex and protracted litigation. Stephanie is a former managing partner of Fox’s Philadelphia office and a past chair of its nationwide Litigation Department. 
John Cornell Fuller is also a partner at Fox Rothschild and is the other co-chair of the firm’s Directors’ and Officers’ Liability and Corporate Governance Practice Group. John has extensive experience defending directors and officers of public and private corporations in claims stemming from the discharge of their duties and management decisions.

John handles a range of international disputes on behalf of domestic and international clients. Having earned an LL.M. in International and European Law from the University of Amsterdam, he offers clients a keen understanding of the various U.S. and foreign regulations affecting international trade, including customs and import compliance, export restrictions and U.S. sanctions programs and the Foreign Corrupt Practices Act.
Christopher Pippett is also a Partner at Fox Rothschild and Chair of its Financial Services Industry Practice. Chris advises financial institutions, including local and regional banks, credit unions and mortgage lenders, on regulatory, lending and workout issues. He frequently guides financial institutions through corporate governance issues.