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Incorporating Employees into Formal Corporate Governance

Presenter: Stephen P. Magowan, Partner - Steiker, Fischer, Edwards & Greenapple, P.C.

Description: Can your ESOP Company make employee ownership more relevant, more powerful and more successful by incorporating employees into formal corporate governance (e.g., voting for directors)? The answer is yes. ESOP companies usually give employees a lot of information about the operation of the ESOP and the company's performance, but a vast majority do not extend to employees the right to participate in the election of directors. This webinar addresses this issue, explains why giving out financial information without the right of formal input through a vote may not be the best policy, and suggests ways for ESOP companies to incorporate employees into formal corporate governance.

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