This Knowledge Check will help you—and us—gauge what you now know about ESOPs and their governance. You must gain at least 80% to earn your digital badge and can take the test up to three times in one day if you run into difficulty. Before you start, please check that you have marked every other page of this course complete. Your badge will not be issued unless this is done. Good luck!
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Categories
- Acquisition offer question 0%
- Board/Trustee relations question 0%
- Capital allocation question 0%
- ESOP board question 0%
- ESOP employee question 0%
- ESOP fiduciary question 0%
- ESOP funding question 0%
- Government oversight 0%
- Independent director question 0%
- Legislation question 0%
- Leveraged ESOP question 0%
- Liability and Sustainability studies 0%
- Monitoring the trustee question 0%
- Plan assets question 0%
- Reasons to consider ESOPs question 0%
- Repurchase obligation question 0%
- Trustee removal question 0%
- Trustee selection question 0%
- Trustee status question 0%
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Unfortunately, you have failed the knowledge check. You may look at your answers below. You will need 80% to pass. Click on restart button to try again.
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Unfortunately, you have failed the knowledge check. You may look at your answers below. You will need 80% to pass. Click on restart button to try again.
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Congratulations! You’ve passed the knowledge check. Your digital badge will be sent to the email address associated with your PDA account. Look out for it in a couple of minutes and thank you for choosing to learn with the Private Directors Association and the National Center for Employee Ownership.
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Congratulations! You’ve passed the knowledge check. Your digital badge will be sent to the email address associated with your PDA account. Look out for it in a couple of minutes and thank you for choosing to learn with the Private Directors Association and the National Center for Employee Ownership.
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Question 1 of 20
1. Question
Which of the following is the acronym for the 1974 act protecting employee retirement funds? (select one)
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Question 2 of 20
2. Question
Who manages plan assets?
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Question 3 of 20
3. Question
Who can be an ESOP trustee (check all that apply)
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Question 4 of 20
4. Question
Who typically selects an ESOP trustee? (select one)
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Question 5 of 20
5. Question
Which of these statements best defines an ESOP fiduciary? (select one)
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Question 6 of 20
6. Question
Who monitors the trustee? (select one)
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Question 7 of 20
7. Question
When should boards meet with the trustee? (select one)
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Question 8 of 20
8. Question
Can the board remove an ESOP trustee? (Y/N)
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Question 9 of 20
9. Question
When can the board remove a trustee? (select all that apply)
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Question 10 of 20
10. Question
Why might a company consider becoming ESOP-operated? (select all that apply)
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Question 11 of 20
11. Question
How is an ESOP funded? (select one)
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Question 12 of 20
12. Question
What is meant by a leveraged ESOP? (select one)
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Question 13 of 20
13. Question
Which employees usually benefit from an ESOP plan (select one)
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Question 14 of 20
14. Question
Five of the statements below are generally considered true. Which five?
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Question 15 of 20
15. Question
Which of the following criteria form part of emerging repurchase liability? (select all that apply)
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Question 16 of 20
16. Question
What should fill an ESOP board’s 3 buckets?
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Question 17 of 20
17. Question
Does an ESOP need to respond to every acquisition offer? (Y/N)
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Question 18 of 20
18. Question
Does ERISA mandate independent directors for ESOP boards? (Y/N)
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Question 19 of 20
19. Question
What government department oversees ESOPs? (select one answer)
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Question 20 of 20
20. Question
Is there a difference between a repurchase liability study and a sustainability study? (Y/N)
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