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ESOP Governance & Strategic Planning: Maximizing Benefits for Participants

Learn about governance and strategic planning in Employee Stock Ownership Plans (ESOPs) at the 21st Annual Ohio Employee Ownership Conference presented by Lisa A. Durham, Esq. Understand the ESOP corporate structure, roles of shareholders, ESOP trust, and the board of directors. Explore the dual responsibilities of the board in wearing two hats - fiduciary and corporate governance. Discover the fiduciary role's importance in acting solely for participants' interests and providing benefits with care and diligence. Gain insights into appointing fiduciaries and ensuring responsible choices for trustees or committees. Don't miss the chance to enhance your ESOP knowledge and ask questions directly to Lisa A. Durham at the Conference.

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ESOP Governance & Strategic Planning: Maximizing Benefits for Participants

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  1. 21st Annual Ohio Employee Ownership Conference “Governance and Strategic Planning in ESOPs” April 20, 2007 PRESENTED BY Lisa A. Durham, Esq.

  2. ESOP Corporate Structure Shareholders ESOP Trust Individual Individual Individual Board of Directors ESOP Committee CEO Other Committees

  3. Board Wears Two Hats • Fiduciary – Appoint and Monitor ESOP Trustee and Committee • Corporate Governance – Oversee Activities of Company and Other Committees

  4. Fiduciary Role Fiduciary must act • Solely in interests of participants • Exclusively to provide benefits • With care, skill, prudence and diligence

  5. Appointing Fiduciary • DOL Amicus Brief in Enron Case • Must Make Responsible, Informed Choice in Appointment of Trustee or Committee • Must Monitor Trustee and Committee

  6. Questions? Lisa A. Durham One Indiana Square, Suite 2800 Indianapolis, IN 46204-2079 Telephone: 317-238-6391 E-Mail: ldurham@kdlegal.com

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