Managing Director and Regional Leader Stout Cleveland, OH 44199, OH
A board of directors evolves over time. When a founder starts a business, the board of directors is probably very small and informal, perhaps just consisting of the founder and a close friend. But as the business grows and becomes more complex, the board of directors becomes more important. Founders selling to an ESOP are typically quite interested in what the board of directors will look like and operate post-closing. In this workshop, we will discuss that post-closing board and beyond – including as the ESOP matures and the business evolves. We will discuss proactive measures that may be taken to develop a best-in-class board of directors, and handling challenging issues that boards face. NCEO Publication: The ESOP Company Board Handbook NCEO Toolkit: Board Excellence and Candidate Directory
Learning Objectives:
Upon completion, participants will know how a board of directors is structured after an ESOP transaction, and why this matters.
Upon completion, participants will understand general principles regarding a board of directors’ corporate fiduciary responsibilities and ERISA fiduciary responsibilities.
Upon completion, participations will have the next steps they need to take in building and evolving a best-in-class board of directors.
