Event

  Seminar: Technology as a Component of Strategic Planning and Risk Avoidance Registration & More Seminar 10.18.2017 9:30am — 10.18.2017 3:00pm

Presented by: KBS Results and Williams Mullen

Location:
Omni Charlottesville
235 West Main Street
Charlottesville, VA 22902
(434) 971-5500

Agenda:

  • 9:30 a.m. – 10:00 a.m. Registration
  • 10:00 a.m. – 12:00 noon Program
  • 12:00 noon – 1:00 p.m. Lunch (provided)
  • 1:00 p.m. – 3:00 p.m. Program
     

VACB does not have a block of rooms for this program. To make a reservation at the Omni for the night before, please call 800-THE-OMNI.

Topics:
Information Technology Strategic Plan Development and Implementation
Mary P. (Gill) Hundley, Executive Vice President, KBS Results

While regulatory expectations and outside threats to technology continue to increase, a robust technology initiative planning process can mitigate future complications. Strategic planning sets the stage for the process. This presentation will address the stages from strategic planning to business case development, risk assessment, vendor due diligence and implementation risk management.


Identifying and Mitigating Business Risks in IT Contracts
Will Dickinson, Associate, Williams Mullen

With an ever-increasing role of software and other technology in day-to-day operations and long term strategic considerations, banks now regularly encounter IT contracts in the normal course of business. Although these contracts may seem routine, there are significant risks that should be considered before entering into any IT-related vendor contract. This presentation will focus on several strategies for mitigating those risks, while remaining mindful of industry standards and typical risk allocation scenarios to avoid unnecessarily difficult contract negotiations.

Data Retention: Risks and Mitigation
Lauren Waller, Partner, Williams Mullen

The vast proliferation of data and information in the last decade has caused companies and employees to retain this information longer than is required by statute or regulation. These retention habits increase the costs associated with maintaining and securing data, but also increase litigation and data breach mediation costs. This presentation will outline the pitfalls for companies in retaining too much data and in not knowing the places the data may reside. Additionally, the presentation will focus on mitigation of risks before litigation ensues.

Lessons Learned from Litigation and Enforcement
McGuire Boyd, Partner, Williams Mullen

Even with excellent strategic planning, extensive due diligence, appropriate contract negotiation and execution, and resourceful document retention, risks materialize from regulators, contractors, customers and wrongdoers. This presentation will focus on lessons to be learned from actual litigation and enforcement actions.