About the Webinar

Over the last several years, more ESOP companies have decided to move to more formal boards. Many have outside members, but even those with all insiders are often taking a more active role. This webinar looks at what makes an effective board. Should there be outside directors? What should their qualifications and compensation be? Should there be non-management employees on the board? Should board members be fiduciaries? Should plan advisors be on the board? What should board duties be and what makes boards most productive?

You will learn:

  • Who should be on a board and what they should do
  • How ESOP company boards differ from conventional boards

Victor is a director at Prairie Capital Advisors, Inc. He has been heavily involved in ownership transition work for over 15 years. As part of Prairie Capital Advisors' Cedar Rapids office, he provides Midwest and national business owner clients the expertise needed for their ownership transition planning and implementation needs. As former CEO and HR manager at ESOP-owned companies, he has lived the ownership transition experience. Victor is a past chair of the board of directors of the National Center for Employee Ownership (NCEO).

David provides valuation and strategic advisory services to business owners. David specializes in ESOPs, gift and estate planning, strategic planning, and mergers and acquisitions. He is a member of the NCEO, on The ESOP Association's Interdisciplinary Advisory Committee on Fiduciary Issues and is highly active in his local chapter as The ESOP Association's New South ESOP Chapter vice-president and a member of the New South ESOP Chapter executive committee.

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