409 - Addressing Global Retirement Challenges With Corporate Spinoff Transactions

After years of consolidation, there has been a trend among large global multinationals to divest its non-core businesses and focus their efforts on their core business. It is customary for the divested businesses to inherit the retirement programs that are not aligned with the spinoff company’s business model. In this session we will first discuss what companies need to do to prepare for the spinoff from a pension accounting perspective. Then we will address how divested companies have dealt with the challenge of inheriting global programs that may not necessarily align with the company’s business objective.

Speakers:

Mitsuyasu Nishiwaki

WTW

Mr. John Ashton

Johnson & Johnson

Mr. Nick C. Thornley

Ernst & Young, LLP

Vaibhavi V. Patel

Credits:

CPD Credit: 2.00 EA Core Credit: 0.00 EA Ethics Credit: 0.00 EA Non-Core Credit: 2.00 EA Formal Credit: 2.00