Events

Looking for the EO Governance Curriculum?

Responsibilities of Internal ESOP Fiduciaries(online seminar)

Esop-Fiduciaries
Wed., Jan. 12, 2017
8-9 a.m. PST
Registration: $45

 

Overview

You don't have to pay an institution to manage the operation of your ESOP. Many companies have an internal ESOP committee that determines policy and practice when it comes to ESOP operations. Other companies simply appoint a group of insiders to serve as the trustees of their ESOP. All such insiders – whether committee member or trustee – are "fiduciaries" under ERISA. As such, they bear personal responsibility and liability for their conduct in such roles. Our view? Yes, it is perfectly sound practice for an insider to assume the duties of ESOP fiduciary. But if you take on that role, you need to understand fully what your responsibilities are. Tune in to this session to get a review of the duties of an ESOP fiduciary.

Instructor

  • Martin Staubus, executive director, Beyster Institute, UC San Diego

ESOP 101 for CPAs: Strategy, Taxes, Financial Statements and More (onsite program)

Thur., Feb. 2, 2017
8-11:30 a.m. PST
Registration: $95 (includes registration, campus parking and lite breakfast)

Overview

A leveraged ESOP offers an exceptionally attractive, tax-favored path to shareholder liquidity for owners of privately held companies. Whether it’s a founder/owner who wants to take some chips off the table, or exit completely, or perhaps buy out a partner or passive investors, an ESOP can make that possible on remarkably flexible and tax-advantaged terms. We’ll look at the tax laws that enable:

  • A shareholder to sell stock without paying capital gains taxes.
  • The company to fully deduct the redemption price for the repurchase of shares.
  • The company to deduct the cost of repaying principal on a loan.
  • A company that is owned by an ESOP to be exempt from income taxation on its earnings.

The tax savings are only the beginning of what makes an ESOP so attractive. The owner can also enjoy exceptional flexibility in deciding when to sell, how much to sell, and other transaction terms. And at the end of the day, if the owner exits completely, he will have the satisfaction of leaving a legacy: a company that continues on independently, with employees keeping their jobs and becoming co-owners with the opportunity to achieve continued business success (and it doesn’t hurt to know that the company will retain its CPA firm, when any other buyer would switch to its own).

Still, the accounting is tricky. There are some unique twists to the process of preparing accurate financial statements for a company with an ESOP. How do you record the debt resulting from a leveraged ESOP transaction? What is the impact when shares are released for allocation to participants as the acquisition loan is paid down? Get answers to these questions and more – from the nation's leading university-based center of expertise on ESOPs.

Instructor

  • Martin Staubus, executive director, Beyster Institute at the Rady School of Management, UC San Diego
  • Sandy Shoemaker, CPA and partner, EKS&H, San Francisco/Denver

The Certificate Program for Non-Professional ESOP Fiduciaries (onsite program) 

corporate-directors
Feb. 19-22, 2017

  

Overview

One of the fundamental resources of the employee stock ownership plan (ESOP) movement is the large group of dedicated, well-intentioned people who agree to serve as trustees or other fiduciaries on behalf of their company's ESOP. If you are one of those dedicated people, you have undoubtedly felt the concern that is inevitable when taking on that sort of responsibility. The Beyster Institute at UCSD has developed a special intensive education program to help relieve some of that concern - the Certificate Program for Non-Professional ESOP Fiduciaries.

Instructor

  • Neil Brozen, managing director, BTC ESOP Services
  • Larry Goldberg, partner, ESOP Law Group
  • Christopher Kramer, managing director, Strategic Equity Group
  • Miguel Paredes, supervisory investigator, U.S. Department of Labor, Employee Benefits Security Administration
  • Martin Staubus, executive director, Beyster Instituteat the Rady School of Management, UC San Diego

Creating a Certified Employee-Owner Program (online seminar) 

Wed., March 15, 2017
8-9 a.m. PST
Registration: $45

 

Overview

For employee ownership to achieve its full potential, employees must have a certain level of understanding about what it takes to make the company successful. So turn your employees into "CEOs" with a training program on ownership essentials.


Instructor

  • Martin Staubus, executive director, Beyster Institute, UC San Diego

ESOPs: a Briefing for Professional Advisors (online seminar)


Wed., May 3, 2017
8-9 a.m. PDT
Registration: $45

 

Overview

The unvarnished truth: any financial or legal advisor to business leaders who does not have a good understanding of ESOPs and the remarkable advantages they offer is not prepared to serve their clients well. Big tax savings, unmatched flexibility, powerful employee motivation - you need to know this stuff. Fortunately, the remedy is simple. In this one-hour presentation you will get a clear and practical picture of what ESOPs are, the unique advantages they can offer, and where they may or may not be a good fit.


Instructor

  • Martin Staubus, executive director, Beyster Institute at the Rady School of Management, UC San Diego

Wed., June 7, 2017
8-9 a.m. PDT
Registration: $45

 

Overview

ESOP company governance rests on the successful collaboration in the efforts of three separate bodies - the ESOP trustees, the board of directors of the company and the management. The board of directors sits at the center of the governance structure appointing as well as answering to the ESOP trustee as shareholder and overseeing the actions of management as the three work together to create value. This webinar is an exploration of the nature of corporate directorship, the criteria necessary for successful service as a director and the processes by which our boards are formed and operate on a practical level. This webinar will be of interest to companies that are beginning to develop an independent board, those with established boards who would like to freshen the board's understanding of the role, and those brave souls who are serving in that capacity.


Instructor

  • Martin Staubus, executive director, Beyster Institute at the Rady School of Management, UC San Diego

Wed., June 7, 2017
8-9 a.m. PDT
Registration: $45

 

Overview

The success of an employee ownership company rests on an unusual collaboration among the three elements of its governance structure – the board of directors, the ESOP fiduciaries, and the company's management. In an employee ownership environment, none of the elements has absolute control at any point. At the same time, each of the elements has a responsibility to make it work for the best interest of the ESOP shareholder. In many cases, the structure makes employee ownership companies nimble and responsive to changes in the marketplace, but where the collaboration breaks down, it can become a hindrance to competitiveness and long-term success.


Instructor

  • Larry Goldberg, partner, ESOP Law Group
  • John Hoffmire, associate fellow, Oxford University's Said School of Business; and director, Impact Bond Fund
  • Anothony Mathews, secretary, California Center for Employee Ownership
  • Martin Staubus, executive director, Beyster Institute at the Rady School of Management, UC San Diego; and current corporate director

Leading an Employee-Ownership Company (online seminar)


Wed., August 23, 2017
8-9 a.m. PDT
Registration: $45


Overview

A major vulnerability of our employee-owned companies is the confidence and commitment of our highest-level leadership. All too often, a change in highest-level leadership signals real problems for the continuation of employee ownership because, where highest-level management is not committed to sustaining and developing employee ownership, it is easy to find plausible "reasons" to undo it. So, what makes a great leader in an employee-ownership setting? This webinar is a suggested answer based on the sum of more than 35 years of experience working in, with and around employee-ownership companies.


Instructor

  • Martin Staubus, executive director, Beyster Institute at the Rady School of Management, UC San Diego

The Mature ESOP: Making Sure Everyone's an Owner (online seminar)


Wed., Sept. 20, 2017
8-9 a.m. PDT
Registration: $45

 

Overview

Following a leveraged ESOP transaction, a large amount of stock goes into employee accounts each year - until the day the loan is paid off and all the shares are allocated. How do employees hired thereafter get in on company ownership? How can you dodge the "haves" and "have-nots" syndrome? Get answers here.


Instructor

  • Martin Staubus, executive director, Beyster Institute at the Rady School of Management, UC San Diego

Employee Ownership Management: Learn how to manage your employee-ownership company better (onsite program)


October 15-18, 2017

"Companies that combine ownership with a culture of participative management grow eight to 11 percent faster than those without such plans in place." - Study from the National Center for Employee Ownership

Overview

The Employee Ownership Management course has been providing specialized education for strategic level management employees for more than a decade. The program is designed to help those key planning-level executives to manage the challenges and tap upside potentials of employee ownership. The intensive three-day course is designed to develop and refine management skills that take into account the specialized imperatives of the employee-ownership environment while maximizing the advantages of an engaged workforce. This is a training curriculum in management skills that covers the full skills menu: strategic planning; marketing and brand development; cash management and financial planning for growth; human resource management and employee development; and much more.

Instructor

  • John Hoffmire, associate fellow, Oxford University’s Said School of Business, and director Impact Bond Fund
  • Anthony Mathews, secretary, California Center for Employee Ownership
  • Martin Staubus, executive director, Beyster Institute at the Rady School of Management, UC San Diego
  • Elisabeth Schutz, former senior vice president, ESOP Advisory Group, Bridge Bank

Understanding Accounting for ESOPs: What Every CPA, CFO and Banker Should Know (online seminar)


Wed., Oct. 25, 2017
8-9 a.m. PDT
Registration: $45

Overview

Adding an ESOP to a company brings some unique new twists to the process of preparing accurate financial statements. How do you record the debt associated with a leveraged ESOP transaction? What is the impact when shares are released for allocation to participants as the acquisition loan is paid down? What is the proper accounting treatment when the company buys back shares from a retiring employee? Get answers to these questions, and more, from one of the nation's leading experts in accounting for ESOP companies.

Instructor

  • Martin Staubus, executive director, Beyster Institute at the Rady School of Management, UC San Diego

Beyster Institute