Alex Moss will present with Mary Beth Gray (Kleinbard LLC) and Robert Massengill (Pilot Hill Advisors, LLC).
This session starts with the Mock Board Meeting framework that we have used in several recent TEA national meetings. We present the details of an imaginary company that we have created for this purpose. We have focused in prior conferences on various board committees and board functions -- Comp, Audit, Nom-Gov, M&A, board monitoring, etc. Each conference has had a different content focus within the board's overall purview, so this session has a constant structure, but a very different substantive focus each time we do it.
We act out the board / committee discussion in real time, starting with the circumstances of our imaginary company and adding flavor from the real board experiences of the panelists. We break several times mid-stream to invite audience questions and discussion of their experience and perspectives. We return to the Mock Board Meeting to continue real-time discussion.
Learning Objectives:
• Recognize what conflicts are, how they may show up in the governance context.
• Formulate sensible responses by the board, once conflicts have been identified.
• Demonstrate how the board may act to mitigate conflicts and/or remove conflicted parties.
Kathleen McInerney Kane will present with Bill Frommelt from Strategic Talent Partners.
In today's fast-paced business environment, leadership transition can be one of the most challenging events for any organization. Without a solid succession plan, organizations risk losing momentum, knowledge, and valuable talent. This session dives into the critical importance of succession planning and why "winging it" can lead to unnecessary disruption. Attendees will learn how to develop internal and external leaders for the leadership of an ESOP company.
Learning Objectives:
• Understand key initiatives to empower the leadership of the future.
• Construct a plan to develop leaders over time.
• Develop your team for the future leadership needs of the organization.
Linshuang Lu will present with Julia O'Brien from BL Companies, Inc.
Effective leadership is one of the most important drivers of a high performance ownership culture, and in employee-owned companies, people at all levels can be leaders. Developing people in your company to become leaders is a long-term journey, and can't just happen from a one-time training. Being a good leader often means changing one's attitude and behaviors, and can take time and practice. Learn about integrated leadership development strategies, from coaching, to training (virtual and in-person), to performance management, to peer cohort groups to other on-the-job development opportunities. You'll learn about how BL Companies has developed an overall leadership development system and fostered leadership at all levels of the company.
Learning Objectives:
• Design an effective leadership development system.
• Integrate leadership expectations into performance management system.
• Foster ongoing integration of leadership behaviors into company culture.
Lindsay Shafer will present with Ivy Wan-Beltejar (Empire Valuation Consultants, LLC), Jennie Msall (Ventura Trust), and Joseph Marx (ESOP Consulting Principal).
After the close of an ESOP transaction, new ESOP responsibilities emerge, and it can be confusing to understand everything that needs to happen and when. This session will identify key tasks, clarify who is responsible for what, and outline the timeframe and deadline for each task. You'll hear from a panel of professionals who represent the trustee, valuation firm, TPA, and communications consultant to get a comprehensive view of your first year as an ESOP. Coming out of this session, you'll have a better understanding of the annual administrative tasks and how to set your ESOP up for success along the way.
Learning Objectives:
• Formulate a timeline for administrative tasks and responsible parties.
• Identify education opportunities.
• Formulate a communications plan.
Matthew Hancock will present with Aaron Moberger (Spring Hill Consulting), Elizabeth Wheeler (Parksite Inc.), and Paul Dougherty (Recology).
This session will show the process involved in setting up a Culture Committee at an ESOP. At the first planning meeting for the formation of a culture committee, the speakers take on the roles of 3 executives at a newly formed ESOP. With the help of an outside consultant this session will explore the process for setting up a new culture committee for the company. Important topics discussed at the initial meeting include committee charters, the role of the culture committee, employee education, how membership in the committee should be determined and other factors important in the committee's formation.
Learning Objectives:
• Formulate a plan to initiate a culture committee at your place of work.
• Understand the myriad requirements in setting up a culture committee and making sure that your committee meets the needs of your particular organization.
• Evaluate your own culture committee, if you have one, and find ways to improve on its effectiveness and functionality.
