Executive
& Board Counseling
Kolobara Law Firm offers assistance to market participants’ executive
management and governing bodies responsible for creating and implementing
corporate strategies and objectives. We provide counsel to boards of
directors, audit committees, risk oversight committees, new product
committees, operating committees, and similar governing structures. We
assist our executive and board clients in identifying potential risks
associated with overall trading or hedging strategies. Having served as a
legal counsel for several risk oversight committees, we understand the
complexities and challenges of creating and implementing a long-term trading
or hedging strategies.
In the era of rapidly evolving commodities and derivatives markets, it is
imperative for the executive and board members to have the most accurate,
updated, and independent information, in order to make as informed business
decisions as possible. Kolobara Law Firm continuously monitors relevant
regulatory and legal developments, and offers assessments and evaluations to
our clients. Building on our in-house experience, we are uniquely positioned
to offer the value-added advice our clients need to make sound business
decisions.
Kolobara Law Firm assists our executive and board clients with the
following:
Identifying
and assessing institutional suitability for participation in a particular
market;
Evaluating
potential risks of a particular hedging or trading strategy;
Assisting
the board in determining risk and credit control limits;
Identifying
whether a risk oversight committee has a clearly defined roles and
responsibilities;
Verifying
whether a risk oversight committee is reviewing and approving major trading
activities and strategies consistent with the
best
industry standards;
Assessing
whether a risk oversight committee actively reviews and manages trading and
marketing risks;
Examining
whether there is adequate documentation memorializing the methodology for
new product approval:
Determining
whether market and credit control limits and policies and procedures are
reviewed periodically by the board;
Developing
an overall cross-functional awareness to ensure an enterprise-wide
commitment to creating and mainating a culture of
compliance
consistent with the best industry standards.