Companies that share ownership broadly with employees, whether through an ESOP or other forms of equity sharing, do better than companies that do not. Still, tough economic times can create challenges for your A/E firm, and even in the best of times, the plans may need rethinking.
In this Webinar, Corey Rosen, Executive Director of the National Center for Employee Ownership, discusses what to do when this happens. Are there ways to revive the plan? If you choose to terminate it what are the rules and best practices?
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Many engineering and architectural firms have substantial employee ownership, both by individuals and often, employee stock ownership plans (ESOPs). What if these plans are not working? Can or should they be fixed? If you do decide to terminate a plan, what are the consequences and how should it be handled properly? These are some of the questions that these firms ask once they discover that it doesn’t work for them.
In this web event, Corey Rosen, Executive Director of the National Center for Employee Ownership talks about the steps that firms should take when they discover this together with the options that they can take once they notice that it doesn’t work. Should you terminate it? Can it still be saved? Corey sheds light on these questions and more in this session.
At the end of the event, the attendees will know:
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What are the common causes of plan problems
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How some plans can be rescued
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What are the issues for terminating individual ownership arrangements
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What are the issues for terminating an ESOP where the company is not sold
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What are the issues for terminating an ESOP when a company is sold
The following should attend this event:
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CEOs
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HR Directors
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CFOs
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Plan Fiduciaries
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Cory Rosen
Executive Director
NCEO
Corey Rosen is the executive director and cofounder of the NCEO. He received a Ph.D. in politics from Cornell University in 1973, taught politics at Ripon College, and worked as a professional staff member in the U.S. Senate, where he helped draft some of the legislation governing employee ownership.
Mr. Rosen cofounded the NCEO in 1981. He has coauthored five books on employee ownership and written over 100 articles on the subject for business, professional, and trade publications. He has spoken at meetings all over the U.S., as well as in Europe, Asia, and South America.
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