Source: Sports & Fitness Industry Association (SFIA)
Silver Spring, MD, April 27, 2017 – A dynamic roster of speakers and attendees gathered in Chicago on April 26-27, to discuss issues surrounding the regulatory landscape at 2017 Sports & Fitness Industry Association (SFIA)’s Litigation, Regulatory & Risk Management Summit (LR2MS).
“Our industry is driven by innovation and creativity, which inherently comes with risks and challenges that require our executives to develop different skillsets than traditional product marketing,” said Tom Cove, President and CEO, SFIA. “It’s important that we support our members by bringing in experts in the technical, legal and risk management fields to help navigate these areas of their business.”
Day one of the summit featured the SFIA ‘Start-Up Workshop’, which gave three small businesses the chance to demonstrate their products and receive real-time consultation from the legal professionals in the crowd. The three startups included; DribbleUp, Enflux and XBoard.
“The Start-Up Workshop was an incredible opportunity to showcase the exciting product we’re building with established members of our industry,” said Jeffrey Ly, CEO of XBoard. “Hearing the members’ perspectives and their enthusiasm to help us bring XBoard to the masses in a safe and fun way was both encouraging and invaluable to get us to the next level.”
Len Polhemus, Managing Strategy Consultant – GBS Advanced Analytics CoC – IBM Corporation, presented an engrossing discussion on how to prepare your company to navigate through the noise of big data, privacy, data collection practices and cybersecurity.
AIG’s Matt Kelly, Senior Risk Consultant, and Richard Ramlow, Excess Casualty Practices Leader – Midwest Zone, spoke on the emerging risks, liabilities, assessment and management involved with sports.
“AIG was excited to have the unique opportunity to address both current and prospective insurers and provide outside counsel,” said Kelly. “Having everyone in one room was a great opportunity to help us better understand the sports and fitness industry, while sharing our expertise.”
Topics highlighted at the twenty-four-hour legal summit, touched on relevant trends including, but not limited to, risk & security, e-commerce and third party marketplaces, prop 65, and the rise of the virtual trainer and quantified athlete. Accreditation was provided by National Academy of Continuing Legal Education (CLE).
“The SFIA has been a tremendous asset for Epoch and C6 Composites,” said James Miceli, CEO of Epoch Lacrosse and C6 Composites. “They put on a great event that gave us the opportunity to speak in front of our peers about Epoch’s innovation, including our 3D technology, and share best practices.”
LR2MS was made possible through the generous year-round support of SFIA’s valued Corporate Partners, Gold Partner — Litigation Management Inc. (LMI), Silver Partners — Baird, Exponent, and SURYS, and the Friends of the 2017 SFIA Litigation, Regulatory & Risk Management Summit (LR2MS), adidas Group, Finnegan Henderson Farabow Garrett & Dunner, LLP, Franklin Sports, Life Fitness, Miles & Stockbridge P.C., NFL, New Balance, Nike, STX, and Under Armour.
The Sports & Fitness Industry Association (SFIA), the #1 source for sport and fitness research, is the leading global trade association of manufacturers, retailers, and marketers in the sports products and fitness industry. SFIA seeks to promote sports and fitness participation as well as industry vitality through research, thought leadership, public affairs, industry affairs, and member services. For more information, please visit www.sfia.org.