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44: ESOP Best Practices

In this episode, we share "Best Practices to Help Trustees Sleep at Night" presented at The ESOP Association PA/DE Chapter & NY/NJ Chapter Multi-State 2018 Conference in Hershey, PA on September 13th, 2018.

We start with a brief introduction and some background from presenter Gregory Kniesel, Managing Director at Value Management Inc. VMI is a financial consulting firm specializing in valuing businesses, corporate securities, and professional practices.

At the presentation, Greg is joined by: - Drake Nicholas, partner at Barley Snyder. Drake manages the firm’s Employee Stock Ownership Plan (ESOP) practice. - Rich Heeter, Managing Director at Capital Trustees.

We then share the audio from the interdisciplinary panel. The panel addressed considerations and issues faced by the trustee, including industry and regulatory guidance and a discussion of how ESOP company financial projections are developed and used. The session also includes a discussion of the fiduciary duties.


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