Beyster Events

 

Administering Your ESOP: Company Responsibilities  (Onsite Program)

January 13-15, 2020
Program Price $1,795 ($200 discount if you register before 12/1/2019)
Includes breakfast and lunch on program days, as well as a dinner reception Monday evening

REGISTER 

Overview

So your transaction has closed and your ESOP is up and running.  What will it take to assure that the program is operated correctly, effectively, and efficiently?

Yes, if you have properly prepared, you will have lots of help with this responsibility: a third party administration firm (TPA); a Trustee; ESOP legal counsel; and a good CPA.  But your own company management will need to know how to interact with these helpers.  What will they need from your CFO, from your HR director, from your CPA?  Who in your company will need to do what, and when?

The consequences of mistakes can be very costly – not only in dollars, but in upset employees, visits from government regulators, and other very undesirable outcomes. 

This management education course is ideal for:

  • The management team at companies that have just implemented a new ESOP
  • CFOs, HR directors and others who have just recently joined a company that has an existing ESOP
  • Those who have been involved in ESOP administration for some time, but would benefit from a comprehensive, expert-led review of these responsibilities

The Beyster Institute has assembled an instructor group featuring highly regarded experts from across the US.  This will be a very hands-on program, with extensive opportunities for small group workshops and personal interaction with the instructors.  Please plan on a pre-program conference call with the instructors will let you know how to prepare for the course, what materials you should bring with you, etc.

Ultimately, the successful operation of your ESOP is your company’s responsibility.  This program is well, well worth the price of admission.  As they say, an ounce of prevention…

Instructors

  • Kim Blaugher, Executive Director, the Beyster Institute
  • Jennifer Briggs, Organizational Development and HR Executive Consultant
  • Rebecca Hoffman, Senior ESOP Consultant, Principal Financial Group
  • Renee Lewis, Partner, Holland & Knight LLP
  • Nick Braun, Director, Chartwell Financial Advisory
  • Kevin Trieber, Sr. Vice President, Bank of America
  • Sandy Shoemaker, Partner and CPA, Plante Moran
  • Howard Kaplan, ESOP Board and Fiduciary Advisor, Kaplan Fiduciary

AGENDA: Coming Soon

Hotels in the area:

Estancia Hotel La Jolla--within walking distance of the program

9700 N Torrey Pines Rd, La Jolla, CA 92037
(855) 430-7503

 

Hilton Hotel La Jolla Torrey Pines--near campus (1.2 miles)

10950 N Torrey Pines Rd, La Jolla, CA 92037
(858) 558-1500
Sheraton Hotel La Jolla--near campus (2 miles)
3299 Holiday Ct, La Jolla, CA 92037
(858) 453-5500

Responsibilities of Internal ESOP Fiduciaries (online seminar)

Thurs. January 9, 2020
8-9 a.m. PST
Registration: $45

REGISTER

Overview

Surveys show that just about half of all ESOP companies appoint internal personnel to serve as their ESOP trustee or other fiduciary.  Many see significant advantages in handling these fiduciary roles in-house, including:

  • Reduced costs
  • Involvement of their people in managing the company
  • Greater perceived control over their destiny

At the Beyster Institute, our view is that it is entirely reasonable for a company to handle ESOP fiduciary roles in-house – so long as the people in those roles have been properly trained to understand what their responsibilities are, and how to meet those responsibilities effectively.

Taking on fiduciary roles in connection with an ESOP should not be done casually.  Tune in to this one-hour webinar to get an overview of the duties of an ESOP fiduciary.

Instructor

  • Martin Staubus, Senior Consultant, Beyster Institute, UC San Diego

The Certificate Program for Non-Professional ESOP Fiduciaries (Onsite Program)

February 10-12, 2020
Program Price $1,795 ($200 discount if you register before 1/1/2020)

Register

Overview

Companies seeking a trustee for their ESOP have a variety of professionals they can hire for that role, ranging from solo practitioners to the trust department of large banks.

But once the ESOP transaction has closed, about half of all ESOP companies ultimately elect to handle the trustee role in-house.  And additional ESOP companies assign some fiduciary responsibilities to their Board or to an ESOP administration committee.  Anyone in the company playing any of these roles is assuming fiduciary responsibility – and fiduciary liability – under ERISA.

Many see significant advantages in handling these fiduciary roles in-house, including:

  • Reduced costs
  • Involvement of their people in managing the company
  • A sense of greater perceived control over their destiny

At the Beyster Institute, our view is that it is entirely reasonable for a company to handle ESOP fiduciary roles in-house – so long as the people in those roles have been properly trained to understand what their responsibilities are, and how to meet those responsibilities effectively.

This program is designed to deliver exactly that training.  Topics to be covered include:

  • The role of the ESOP trustee in corporate governance
  • ERISA standards of fiduciary conduct
  • Prevailing fiduciary practices at ESOP companies
  • The trustee as the shareholder of record
  • The stock valuation process and the fiduciary’s responsibility for that
  • The trustee’s responsibilities in connection with shareholder votes
  • Managing the trust, including reconciliation of records
  • Conducting trustee meetings, with proper recordkeeping
  • How to obtain insurance coverage for ESOP fiduciary liability

In addition, we will hear from a representative of the US Department of Labor.

Those who pass the class exam will earn a certificate from the university.


Instructors

  • Laurence Goldberg, Partner, ESOP Law Group
  • Howard Kaplan, Kaplan Fiduciary Group
  • Chris Kramer, Strategic Equity Group
  • John Rains, Alliant Insurance Services
  • Martin Staubus, Consultant, The Beyster Institute, UC San Diego

 

Hotels in the Area:

Estancia Hotel La Jolla--within walking distance of the program

9700 N Torrey Pines Rd, La Jolla, CA 92037
(855) 430-7503

 

Hilton Hotel La Jolla Torrey Pines--near campus (1.2 miles)

10950 N Torrey Pines Rd, La Jolla, CA 92037
(858) 558-1500
Sheraton Hotel La Jolla--near campus (2 miles)
3299 Holiday Ct, La Jolla, CA 92037
(858) 453-5500

Getting the Most out of Your ESOP Company Board of Directors (Online Seminar) 

 beyster
Thurs. May 7, 2020
8-9 a.m. PST
Registration: $45

Register

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, Senior Consultant, Beyster Institute at the Rady School of Management, UC San Diego

 

Building an Effective Board of Directors for Your ESOP Company (Onsite Program)


June 8-9, 2020
Program Price $1,295 ($100 discount if you register before 4/30/2020)

Register

 

Overview

Every company that has an ESOP is a corporation.  And every corporation, by law, must have a board of directors.  In a founder-owned company, the board may not play a major role.  In an ESOP company, the role of the board becomes critical.

Who will hold the CEO accountable?  Who will look down the road to see that the right things are being done today to assure a prosperous future for the company and its employee-owners?  Who will make the big calls on what risks may be worth running and which are not?

Our program on Building an Effective Board of Directors is a unique opportunity to gain an understanding of the actual role of a board of directors at an ESOP company.  Led by experienced board members and professional advisors, we will review topics including:

  • What exactly is a board supposed to do?
  • What should a board stay out of?
  • What sorts of people are most qualified to serve on a board?
  • What mix of people makes for an effective board?
  • How many members should a board have?
  • How should board members interact as they serve?
  • What is the appropriate compensation level for board service?

In sum, we will identify how a board can make the most positive impact on the ongoing success of a business, and how the serving members can deliver safe and successful service.  This program allows both current and prospective directors to hone their understanding of corporate governance as it is influenced by ESOP ownership and share their group experience as we focus on the challenge of guiding employee-owned companies on a strategic path to growth and sustainability.

Building an Effective Board is a highly interactive mix of expert presentations and group discussion.  It is designed to establish a knowledge base and build upon it to support the development of a truly efficient business model that not only creates value for the stakeholders but lives up to the promise of employee ownership.

Because of the nature of the program, attendance is limited, so register early.


Instructors

  • To be announced

 

 

Hotels in the Area:

Estancia Hotel La Jolla--within walking distance of the program

9700 N Torrey Pines Rd, La Jolla, CA 92037
(855) 430-7503

 

Hilton Hotel La Jolla Torrey Pines--near campus (1.2 miles)

10950 N Torrey Pines Rd, La Jolla, CA 92037
(858) 558-1500
Sheraton Hotel La Jolla--near campus (2 miles)
3299 Holiday Ct, La Jolla, CA 92037
(858) 453-5500