CEO Advisory Group Announces New White Paper That Explores Change-in-Control Agreements as a Tool in Credit Union Merger Discussions

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Credit union mergers opportunities are often ignored due to executive concerns about their future compensation. In a new white paper CEO Advisory Group examines how change-in-control agreements are used to lessen the executive self-interest considerations to focus on members interests.

Change-in-control agreements may be an underutilized means of helping to ensure an objective assessment of merger proposals in the credit union industry, according to a new white paper from the CEO Advisory Group.

“Putting Members’ Interests First: How Change-in-Control Agreements Ensure a Neutral View in Credit Union Merger Discussions,” by Glenn Christensen, offers an overview of these contractual arrangements between business organizations and their executives in financial services and other business sectors.

The white paper examines the purpose and structure of change-in-control agreements for credit unions and their CEOs and other top executives, especially as those provisions apply in mergers. It offers key considerations for executives and directors in exploring whether and how these agreements might benefit their organizations and how CIC provisions are typically developed and maintained.

“The scant data available among credit union organizations indicates that these agreements are not widely used, but they can be designed to support an impartial evaluation of merger offers and to avoid unpleasant surprises during merger negotiations about executive compensation,” Christensen says. “And CIC arrangements can be designed to enhance retention of executives through the sensitive stages of merger due diligence and implementation.”

The white paper is available free of charge at

About CEO Advisory Group
CEO Advisory Group serves as a trust-based adviser to credit unions providing mergers and acquisitions and growth planning. CEO Advisory was the first M&A consultancy with an exclusive focus on the credit union industry. Our goal is to successfully ensure members, communities, board and staff all win in mutually beneficial mergers. CEO Advisory Group, based in Kent, Washington, was founded in 2004.

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Glenn Christensen
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