Succession Planning for the Ironworking Industry: For Contractors and Fabricators (Training)
Tuesday, October 24 (8am) - Wednesday, October 25, 2017 (4:30pm Canada/Eastern)
Hampton Inn & Suites Toronto Airport
3279 Caroga Drive
Toronto, ON L4V 1A3
The Succession Planning for the Ironworking Industry is for Contractor/Fabricators and Future Leaders and targets the major transition options available including management succession and transferring ownership to the next generation.
Day One: Strategy
Day One of the program includes an overview of ownership transfer and management succession. In this session participants will learn about the effects of inadequate planning and develop strategies to overcome related issues. They will learn how to identify the key stakeholders in their business succession plan and will develop an action plan for achieving goals throughout the process of transition. Participants will learn ways to develop leaders and managers within their company and will explore the role of coaching and mentoring in the development process. They will gain an understanding of the changing roles of the existing and new, emerging leaders.
Day Two: Mechanics
Day Two of the program participants will address valuation of the business and the realities of the buying and selling process based on the current acquisition market, including the impact of being a signatory contractor and the potential unfunded pension liability. They will learn about techniques and different approaches for transferring ownership, including ways corporate structures impact situations. They will also discuss the necessary managerial components of a contingency plan along with consideration of key elements of estate, gift tax, insurance and compensation.
Instructors: Michael Mangum, FMI Corporation, Michael Swistun, FMI Corporation & Rusty Sherwood, FMI Corporation
To register, please contact Bert Royer, IMPACT Canadian Regional Director at (306) 536-0442 or email@example.com.
Who Should Attend:
The Program is recommended for contractors/fabricators who are transitioning ownership of their company and future leaders transitioning to an ownership role.
These fees are available through 10/24/2017
Is Media Allowed?
The nearest airport is Toronto Pearson Airport (YYZ).
Ms. Elaine Darby
Administrative Assistant to the CEO
Phone: (202) 393-1147
Fax: (202) 393-1148