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IN-PERSON MEETING
Effective Boards of Directors: Best Practices in Governing an ESOP Company
May 26, 2010 :: San Francisco, CA
From Our Meeting Series ESOP Governance Meetings
This traditional learning format brings you face-to-face with our expert presenters. Our seminars include a networking luncheon and optional dinner outing, and provide ample opportunity for attendees to ask questions and interact with others.The ESOP Governance Meetings are three complementary seminars that provide specific guidance for directors and trustees on their key roles in ESOP companies:
- Fiduciary Issues for Internal ESOP Trustees (San Francisco, CA; May 25, 2010)
- Effective Boards of Directors: Best Practices in Governing an ESOP Company (San Francisco, CA; May 26, 2010)
- Executive Compensation in ESOP Companies (San Francisco, CA; May 27, 2010)
About This Meeting
This is day two of our three-day ESOP Governance Meeting. This seminar provides background in the key legal issues that define the role of directors and will ensure that participants know how to perform the tasks for which they are legally responsible. Presenters will help participants design and implement concrete steps to make their boards more effective, taking into consideration the unique governance implications of ESOPs, the relationship of the board of directors to the ESOP trustees, committees, etc. The seminar offers guidance for finding appropriate solutions to issues common to boards of ESOP companies.This seminar is intended for members of the boards of directors of ESOP companies, but others involved with corporate governance including senior executives such as CEOs, CFOs, ESOP trustees, or committee members will also benefit.
Program
| May 26, 2010 | |
| 9:00 AM | Overview and Introduction Corey Rosen, National Center for Employee Ownership |
| 9:30 AM | Legal Requirements for Boards of ESOP Companies Kevin Long, Chang Ruthenberg & Long P.C. |
| 10:15 AM | Break |
| 10:30 AM | Alternative Models for Boards Jack Veale, PTCFO, Inc. |
| 11:15 AM | Table Talks - Roundtable Discussion Groups |
| 11:45 AM | ESOP Company Board Member--Case Study Ronald L. Ludwig, Recology, Inc. |
| 12:15 PM | Luncheon |
| 1:15 PM | Interacting with Fiduciaries Neil Brozen, BNC Bank |
| 2:00 PM | Strategic Issues for Boards Matthew Keene, Principal Financial Group |
| 2:45 PM | Break |
| 3:00 PM | Highlights of NCEO ESOP Governance Surveys Corey Rosen, National Center for Employee Ownership |
| 3:15 PM | Panel -Scenarios |
| 4:00 PM | Adjourn |
| 4:00 PM | Meet with an Expert Sign Ups (optional) |
Registration
NCEO members: $195.00 per person through May 3 and $230.00 thereafter. (If you are not an NCEO member but join when you register, you will receive the member price.)
Nonmembers: $265.00 per person through May 3 and $300.00 thereafter.
Cancellation Policy
A full refund will be issued, less a $50 administrative fee, if the request is received by the close of business on May 3, 2010. Cancellations made after that date and before our guarantee date of May 17, 2010, will be eligible for credit toward another program, minus a $50 administrative fee. Those canceling on or after the guarantee date will not receive a paper credit or a refund.
Speaker Information
Matt Keene is a director of consulting in retirement and investor services for the Principal Financial Group. He works with clients on ESOP design and implementation in order to bring the full creativity afforded by ESOPs. Matt and his team draw on their hundreds of ESOP implementation experiences to tailor custom ESOP designs and perform full financial impact analyses for selling shareholders, ESOP-owned companies and employee-owners. Matt received a Bachelors of Science degree in Business Administration and a Master of Accounting degree from the University of North Carolina at Chapel Hill. He is member of The ESOP Association and the Carolinas Chapter, where he serves as vice president. www.principal.comNeil Brozen, CPA, EVP ESOP Trustee Services, BNC National Bank, serves as chairperson of their ESOP committee as well as being responsible for acquiring ESOP trustee clients, managing ESOP relationships and ESOP transactions. He has completed more than 36 ESOP transactions, and he serves as directed or discretionary trustee for 24 ESOP companies in 19 states. Neil is a member of the Board of Governers of the ESOP Association and the Ownership Culture Committee. He is a member of the NCEO and OEOC as well as an active member of the Minnesota/Dakota ESOP Association Chapter. Neil is a frequent speaker for the NCEO, TEA and OECO on ESOP fiduciary issues. His 20 years of work experience as an employee includes the IRS, Arthur Andersen and Co, and several privately owned companies. He also owned and operated a boutique management consulting practice for eight years. www.bncbank.com
Kevin G. Long is a shareholder of the law firm Chang, Ruthenberg & Long PC. For the past 25 years, he has helped guide more than 250 publicly traded corporations and privately held companies, with stock based retirement plans, including ESOPs, KSOPs, EIAPs and Stock Bonus Plans. The firm, now in its 20th year, represents companies, ERISA fiduciaries, and lenders in all aspects of ESOPs and employee benefits, including feasibility, design, transactions, terminations, fiduciary duties and IRS and DOL audits. Listed in "Best Lawyers in America," Kevin is one of 355 Certified Taxation Specialists out of California's 155,000 attorneys. http://www.seethebenefits.com
Corey Rosen is the executive director of the National Center for Employee Ownership, a non-profit membership and information organization. He co-founded the NCEO in 1981 and has been its director ever since. Corey has spoken on various subjects related to employee ownership all over the world- with government, business, and union leaders, and he is regularly quoted in leading magazines and newspapers. He has appeared on national television and radio programs, and has authored four books on employee ownership, and more than 100 articles for various business, academic, and professional publications. He has authored or co-authored several of the NCEO's practical and research publications. www.nceo.org
Jack Veale, MBA, CMC, is president and CEO of PTCFO, which advises ESOP and family-owned/closely held businesses on strategy, succession, governance, and leadership development; and provides assistance with management training, management and board retreats, board development, and organizational readiness assessments for growth or merger and acquisition. www.ptcfo.com
Meeting Site
The meeting will be held at the Hyatt at Fisherman's Wharf, located at 555 North Point Street, San Francisco, CA 94133. Sleeping rooms are available for our group at a special rate of $159. To make a reservation please click here or call the hotel directly at 888-421-1442 by May 3, 2010. Please mention the National Center for Employee Ownership (NCEO) when making your reservation.Continuing Education Credit
CPE Credit
The National Center for Employee Ownership (NCEO) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue, Nashville, TN 37219-2417.This program is a "group-live" offering and provides 5.50 hours of CPE credit for accountants in the area of "specialized knowledge and applications." The material is basic level. No prerequisites or advanced preparation is needed. For more information regarding administrative policies such as complaint and refund, please contact the NCEO at 510-208-1300.
HRCI Recertification Credit
This program has been approved for 5.50 hours of recertification credit hours toward PHR and SPHR re-certification through the Human Resource Certification Institute (HRCI). For more information about certification or re-certification, please visit the HRCI home page at www.hrci.org.