Corporate Governance and Tax Issues Facing Captive

Webinar Date : Wednesday 7th October, 2009
11:00 a.m. to 12:30 p.m. EDT

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Webinar Details
The current increased emphasis placed on corporate governance is challenging companies in all sectors, and captive insurers are no exception. Equally, the tax issues facing captives are becoming more challenging. This webinar will be of interest to captive owners, managers, brokers and other service providers and will provide an informative and practical overview of how to ensure a captive is run properly, both in terms of corporate governance and procedures and tax compliance.

For this webinar we are delighted to have as guest speaker, Tom Jones of McDermott Will & Emery LLP, who will join us to discuss some US tax issues.

Discussion topics include:

Part 1- Corporate Governance and Procedures

• Legal framework
• Role and responsibilities of directors
• Role of shareholders
• Board meetings and shareholder meetings
• Share capital

Part 2- Tax Issues

• Basic captive tax principles- will it be treated as insurance for tax purposes?
• Applicable IRS rulings
• Avoidance of characterization as a US trade or business
• Offshore US federal tax considerations
• Tax-exempt captive owners

Part 3- Q&A Session

Speakers

The panel includes the following experts:

• Paul Scrivener, Partner and head of the Insurance Group at Solomon Harris
• Kay Carter, Senior Associate in the Insurance Group at Solomon Harris
• Guest presenter Tom Jones, Partner, McDermott Will & Emery LLP
• Moderated by Remo Dalimonthee