TEDCO and Betamore Present a Weekly Speaker Series, Wednesdays, Fall 2018
Startup Culture and Personnel Strategies - The Role of the Founders, Board, Management and Employees and Tools to Promote a Successful Relationship Among all Parties:
The minute more than one person is involved in an organization, a culture starts to develop. Culture — the set of shared attitudes, values, goals, and practices that characterizes an organization — and an organization’s team are two key elements that can propel a startup towards success or hinder its ability to execute.
Douglas M. Fox, a business and finance partner with Ballard Spahr LLP and the co-leader of its Life Sciences and Technology Group, and Elizabeth (Liz) A. Hecker, a business and finance attorney with Ballard and a member of its Emerging Growth and Venture Capital Group, will host an interactive discussion for founders and CEOs to discuss how to proactively shape and structure enduring cultures and address tricky personnel issues. In particular, Doug and Liz will discuss the importance of founders’ agreements, the role of the board verses management, tools for incentivizing employees and share examples of what can happen when organizations get it wrong.
Doug is the co-leader of Ballard Spahr’s Life Sciences and Technology Group and has over 25 years of experience handling business, corporate and securities matters for public and privately held entities in a range of industries, with a focus in the biotechnology and life sciences sector. He has acted as special corporate counsel to boards of directors and committees thereof, and frequently advises companies on matters such as corporate governance, corporate formation, stock issuances, preferred stock investments, and various statutory matters. More recently, Doug has focused on counseling sponsors and others on the structuring and establishment of Qualified Opportunity Funds, an advent of the Tax Cut and Jobs Act of 2017.
Doug’s broad-ranging experience as a corporate and securities lawyer for clients that span a multitude of industry groups and his experience as counsel for literally hundreds of equity and debt offerings and other financing transactions, as well as for dozens of mergers, acquisitions, divestitures, liquidations, and other similar types of transactions, brings an added perspective to the transactions with which he is involved. Doug also routinely represents licensors and licensees in complex licensing and co-promotion transactions.
Liz concentrates on corporate law and corporate governance matters. She has experience guiding corporate filings with the U.S. Securities and Exchange Commission as well as drafting, reviewing, and negotiating a variety of corporate agreements including operating agreements, stock purchase agreements, technology assignment agreements, separation and distribution agreements, merger agreements, and letters of intent. Before joining Ballard Spahr, Liz held leadership roles in a multinational technology conglomerate where she negotiated large-scale transactions with the federal government.