Serving as a board member or internal trustee in an ESOP company comes with unique responsibilities that extend beyond traditional corporate governance. This session provides a practical introduction to ESOP governance, helping participants understand the strategic purpose of employee ownership and the critical oversight roles that support its long-term success. Attendees will explore the core fiduciary duties of loyalty, care, and prudence, along with the legal and ethical standards that guide board and trustee decision-making. We'll discuss the distinct responsibilities of boards and trustees, how these groups work together to protect the interests of employee-owners, and the board's role in supporting compliance, managing risk, and fostering a culture of transparency and engagement.
Possible Discussion Topics (based on attendee interest):
