Executive Vice President, General Counsel & Corporate Secretary DCS Corporation Alexandria, VA, United States
The challenges that a newer ESOP company faces are much different than those that are common in mature ESOP companies. However, new ESOP companies will eventually become mature ones, and it's never too early to start thinking about and preparing for those days. In this presentation, we'll leverage the insights of the general counsel of a company that has been an ESOP since 1986, as well as an ESOP attorney who works with both young and mature ESOPs, in order to help younger ESOP companies understand the important issues that they will need to think about in the future. We will cover issues such as preparing for repurchase liability, succession planning, administration, governance, distribution policies, and the “haves vs. have-nots” problem that mature ESOP companies typically need to prepare for. NCEO Resource: Sustainable ESOPs
Learning Objectives:
Understand the challenges that mature ESOP companies commonly face and how they are different from those faced by newer ESOP companies
Learn the importance of effective succession planning as a key to continually thriving as an ESOP company
Discover specific strategies that can help a mature ESOP company plan for its repurchase liability
