Butzel Long is proud to be a co-sponsor for Marsh's Academy of Risk's Seminar, "Plant Closures and Surplus Asset Divestitures: Effective Tools to Manage the Environmental Liability."
The current economic climate is forcing companies to increasingly focus on efficiency measures to optimize financial performance, and both conserve and raise cash. Frequently these measures involve restructuring activities such as plant closings and divestiture of surplus assets and business units. This seminar will provide valuable ways to address environmental risks as a buyer or seller. Addressing environmental matters appropriately is critical in maximizing resultant value, reducing costs and delivering on planned business goals. Topics covered during this seminar include:
- An overview of Generally Accepted Accounting Procedures (GAAP) for environmental contingencies and liabilities.
- New and proposed changes to GAAP, such as FASB 141-R, and FASB 157 (Fair Value Methodology), and potential impacts to liability treatment. What happens if you under report?
- Due diligence of environmental accounting-dangers of liability and decreased stock value if a buyer later discovers under reporting. Proven techniques to protect buyers and sellers against uncertainties and runaway costs associated with known pollution "legacy" liabilities and discovery of currently unknown pollution conditions and related liability claims.
- A case study to bring the concepts together.
Who Should Attend
- Risk Managers
- General Counsel
- Financial Officers including Chief Financial Officers, Treasurers and Controllers
- Environmental Health and Safety Directors
Because this roundtable is a co-sponsored event, a $25 fee will be charged to attendees. Check or cash will be accepted at the door.