Planning ahead for your company’s future is incredibly important. At Dream Big Exit it is always our goal to provide business owners with the information and expertise that you need to make the best decisions for both you and your company’s financial future. Choosing to adopt an Employee Stock Ownership Plan (ESOP) is an excellent step.
When your company has an ESOP, it is important that the board of directors includes members from outside of the company. Carefully selected outside directors offer greater insight and experience to the board. They are able to steer the company towards a better financial future.
Our ESOP Board Service
Acting as an independent board member, we provide objective insights and financial perspectives that are indispensable in directing a business. We are experienced in chairing audit and compensation committees and complying with the corporate governance requirements of an effectively operating Board of Directors. Normally, we provide this service on a quarterly basis. Moreover, we are well versed in meeting the ESOP company requirements established by the Department of Labor and the Internal Revenue Service.
Independent board members provide a critical balance for meeting the fiduciary responsibilities of the board of directors in order to protect the financial interests of ESOP employees. We are experienced in chairing the necessary board committees such as audit, compensation, and governance, and our advisory services are critical for growing and directing the company.
