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MNP is proud to be a sponsor and a presenter at the 2017 National Credit Union Commercial Business Forum to be held in Calgary November 27-28.
To launch this dynamic event, MNP's National Credit Union Leader Annette Bester will be introducing keynote speaker Pierre Cléroux, chief economist at BDC, on Monday, November 27. Annette is a recognized thought leader in the sector and leads MNP's team that works with 135 credit unions across Canada – more than any other professional services firm. MNP's deep knowledge of what drives the sector and our presence in the communities we operate in enables us to offer a custom suite of services specifically for credit unions.
MNP professionals will be participating in two dynamic presentations during the two-day business forum.
One session will explore the business of cannabis in Canada, with James Fuerderer, CPA, CA, on Tuesday, November 28. James draws on decades of experience to discuss how credit unions can manage risk in this rapidly evolving area.
The second session is titled "Understanding Business Succession and Opportunities for Serving Commercial Members" and will be hosted by Shane King, CPA, CA, National Leader of Succession Services at MNP. Shane has more than 20 years of experience providing practical assurance, tax and succession solutions to clients in various industries.
To build a successful business, shareholders have invested years of their lives along with significant financial resources. But sooner or later, there will be a sale. They don't always get to choose when or why they leave the business. But whenever that day comes, there are practical steps you can take to be prepared.
A good succession plan not only deals with the transfer of ownership but also the transfer of leadership. Without a clean transition of leadership, relationships, and people, the chances of failing are much higher. This can significantly impact the risk profile within your commercial members. A good succession plan is a systematic process for providing a smooth transition. As lenders, you need to understand the planning process to capitalize on opportunities as businesses transition. You need to set yourself apart as an advisor to your members, working collaboratively with other professionals to help them 'win' in their transition, so you can continue to retain the relationship with the business as it changes hands.
In this session, we will talk about the magnitude of the opportunity, the importance of engaged conversations with members, and work through real examples where a proper succession process has resulted in success for both the member and the credit union.
Date: November 27-28, 2017
Location: Marriott Calgary Airport In-Terminal Hotel, 2008 Airport Road NE, Calgary, AB
To find out more and to register, click here.
This event is sponsored by the Canadian Credit Union Association and the National Lenders Committee.
Categories: Credit Union
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