ESOP: Ownership Structures, Basics, and Culture
BY
BRAD WEIR
OWNERSHIP
MAJORITY SHAREHOLDER (FAMILY OWNED)
PARTNERSHIP (50/50)
EQUITY OWNERSHIP (OUTSIDE INVESTORS)
ESOP (EMPLOYEE OWNED)
ESOP BASICS
ERISA (Employee Retirement Income Security Act)
DEPARTMENT OF LABOR (Protects Shareholders)
USED AS AN EXIT STRATEGY BY OWNERS
EMPLOYEES SHARE IN THE COMPANY’S SUCCESS
ESOP CAN BE
100%
OR LESS OF OWNERSHIP
ESOP STRUCTURE
Trustees vote the ESOP shares (BOD)
The BOD appoint the Trustees
The BOD hire the President (CEO)
The BOD has oversight of the Company Performance
Trustees protect the interests of the ESOP
beneficiaries.
DOL is the ESOP watchdog.
ESOP CULTURE
Employee Participants….Field & Office.
Ownership attitude. Field & Office
Beginning of career vs. final stretch of career.
Engagement of employees
THE NECA FACTOR
Who is running the show?
Traditional NECA relationships
Meeting Needs: Long Term vs. Short Term
Engagement: Early vs. Late
The Challenge Ahead
QUESTIONS???
SORRY, NOT ENOUGH
TIME!!!!!!
Thank You!
Exploring the Employee Stock Ownership Plan (ESOP) in depth, covering ownership structures including family-owned, partnerships, and outside investors. Delve into ESOP basics such as ERISA and Department of Labor regulations, as well as the structure involving trustees, Board of Directors, and company performance oversight. Discover the impact of ESOP on company culture, employee engagement, and the challenges ahead.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
BY BRAD WEIR
OWNERSHIP MAJORITY SHAREHOLDER (FAMILY OWNED) PARTNERSHIP (50/50) EQUITY OWNERSHIP (OUTSIDE INVESTORS) ESOP (EMPLOYEE OWNED)
ESOP BASICS ERISA (Employee Retirement Income Security Act) DEPARTMENT OF LABOR (Protects Shareholders) USED AS AN EXIT STRATEGY BY OWNERS EMPLOYEES SHARE IN THE COMPANY S SUCCESS ESOP CAN BE 100% OR LESS OF OWNERSHIP
ESOP STRUCTURE Trustees vote the ESOP shares (BOD) The BOD appoint the Trustees The BOD hire the President (CEO) The BOD has oversight of the Company Performance Trustees protect the interests of the ESOP beneficiaries. DOL is the ESOP watchdog.
ESOP CULTURE Employee Participants .Field & Office. Ownership attitude. Field & Office Beginning of career vs. final stretch of career. Engagement of employees
THE NECA FACTOR Who is running the show? Traditional NECA relationships Meeting Needs: Long Term vs. Short Term Engagement: Early vs. Late The Challenge Ahead
QUESTIONS??? SORRY, NOT ENOUGH TIME!!!!!! Thank You!
