An ESOP Primer for Boards of Directors
Board involvement can be an essential tool for managing the risks and realizing the potential benefits of employee ownership. However, board directors must first have a strong understanding of what is different about ESOP companies. During this webinar discussion, Mark Flinchum and Andy Manchir with KSM’s ESOP Services Group along with Don Meyer with Bose, McKinney & Evans cover what board directors ought to know about ESOPs from ERISA to accounting basics. Mark, Andy, and Don also share ideas on ways the board can improve an ESOP company’s financial condition and risk management.
This webinar was presented in partnership with the National Center for Employee Ownership (NCEO) as part of the NCEO’s Employee Ownership Compass virtual learning series. If you are not an NCEO member, you may join the organization for a nominal fee to gain access to live webinars and other NCEO member benefits.
Accounting Basics for
Your ESOP's First Year
Learn how to navigate your ESOP’s first year – from first-year contributions and journal entries to your annual valuation.