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