Advisory Committees | The ESOP Association

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TEA Advisory Committees

Advisory Committees 2

The ESOP Association offers an impressive number of ways for members to get involved in The Association; one of the key opportunities is participating in The Association’s six Advisory Committees.

Joining an Advisory Committee enables you to play an active role in producing content that appears in TEA publications, webinars, and events. Doing so also affords invaluable opportunities to develop professionally, work on new ideas, network with peers, and develop new professional contacts.

The Association’s six Advisory Committees each focus on an important aspect of running an effective ESOP company. Each committee has a chair, and these six chairs form the Advisory Committee Chairs’ Council, which plays a key role in working with TEA staff to set the direction for Association content.

For more information on each committee, please see below.

Advisory Committee on Administration

Companies face important choices when establishing and running an ESOP. This committee’s focus is helping companies understand how the ESOP can help accomplish its strategic goals, operate effectively and efficiently, and stay in compliance with all rules and regulations.

Chair: Lori Stuart, Senior Manager, Crowe

Advisory Committee on Valuation

Business Valuation is an essential aspect of new ESOP formations and ongoing annual administrative updates. Valuation professionals assist ESOP trustees in the process of determining the fair market value of ESOP shares. This committee helps ESOP professional advisors and ESOP companies understand the latest trends, issues, laws, and regulations related to properly determining an ESOP’s share value.

Chair: Chuck Coyne, Managing Director, Empire Valuation Consultants

Advisory Committee on Ownership Culture

This committee focuses on developing effective practices related to building high performance ownership cultures, including ESOP communication and education, employee engagement, and leadership and management practices that leverage the skills and knowledge of employee owners. 

Chair: John Williams, President, Elucidate Resources

Advisory Committee on Legislative & Regulatory Issues

This committee is focused on the laws, regulatory activity, and latest court rulings impacting ESOP companies and professional advisors in connection with ESOP purchase and sale transactions and the administration of ESOPs.

Chair: Lars Golumbic, Principal, Groom Law Group

Advisory Committee on Fiduciary Issues

ESOP fiduciaries are a requirement of all ESOPs and being a fiduciary can involve many legal, valuation, and financial decisions that fiduciaries need to fulfill as part of their duties. This committee plays a vital role in helping ESOP fiduciaries understand and fulfill their legal, financial, and ethical obligations.

Chair: Tracy Woolsey, Senior VP/Employee Benefits Officer, Horizon Trust & Investment Management

Advisory Committee on Finance Issues

This committee focuses on the accounting, tax, and finance implications of both ESOP purchase and sale transactions, as well as the ongoing financial requirements and strategic and tactical alternatives in managing a partially or 100% ESOP-owned company.

Chair: Fred Kaseff, Sr. VP, GreatBanc Trust Co.