2 ND ANNUAL. Family Enterprise Risk Forum

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1 2 ND ANNUAL Family Enterprise Risk Forum June 6, 2018

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3 Welcome to our Second Annual Family Enterprise Risk Forum We are committed to keeping you informed on emerging risks, their impact on family enterprises and potential risk mitigation strategies. Our family panelists this year will explore the important role of the General Counsel, as wise counsel within a family office, and how to guide family owners on addressing and managing risks. We ll also hear from family owners on lessons learned from generational succession. Thank you for taking the time to attend our event. We encourage you to participate so we can have an open and interactive discussion. I would also like to thank our speakers for sharing their perspectives, which I m sure will be an insightful discussion across families. Sincerely, Linda Bourn Executive Managing Director Crystal & Company

4 Agenda 8:30 9:00 9:15 9:45 10:45 11:00 12:00 Breakfast and Registration Welcome and Introductions Linda Bourn Executive Managing Director, Crystal & Company Keynote Discussion Daniel Lubetzky CEO & Founder of KIND Panel Discussion Wise Counsel: The Role of General Counsel in Family Investment Firms Moderator: Linda Bourn Executive Managing Director, Crystal & Company Panelists: Carol Hannigan General Counsel, Moreland Management Company Jodi Ganz Chief Operating Officer & General Counsel, Belfer Management, LLC Break Panel Discussion Family Enterprise in Transition: Lessons in Generational Succession Moderator: Jonathan Crystal Executive Vice President, Crystal & Company Panelists: Jeremy Kroll President & Chief Executive Officer, K2 Intelligence Gustave Lipman Senior Partner, Scorpion Solutions Group Lunch

5 Speakers Linda Bourn Executive Managing Director Crystal & Company Linda leads the Family Enterprise Risk Practice focused on risk and insurance management solutions for owners of a family business, family office or private trust company. She led the development, partnership and release of the Family Enterprise Risk Index study of 159 U.S. family owned companies. The study helped family enterprise owners, their executives and advisors measure their own risk management practices. Prior to Crystal & Company, Linda held senior leadership roles at Marsh where she founded their family office practice, at Wilmington Trust in their Family Wealth Group and within a single family office as a senior relationship manager. Recently named one of the 50 Most Influential Women in Private Wealth by Private Asset Management Magazine, her industry leadership roles include Babson College Board of Overseers, and founding advisory council member of Babson s Institute for Family Entrepreneurship and serving on the Editorial Board of the International Family Offices Journal published by Globe Law & Business. She holds an MBA from Babson College and a Bachelor of Arts from California State University at Long Beach. She is an advisor member of Family Office Exchange and Family Firm Institute. Jonathan Crystal Executive Vice President Crystal & Company During his tenure at Crystal & Company, Jonathan has served in a number of capacities, most recently serving as the firm s Chief Financial Officer, responsible for the firm s general and field operations. Previously, he led the firm s Private Client Services group. Jonathan has presented to audiences across the United States on topics of family risk management, including a number of organizations serving the needs of family enterprises, including Attorneys for Family-Held Enterprises, Family Business Network, Family Firm Institute, Family Office Association, Family Office Exchange, and Institute for Private Investors. Prior to joining the firm in 2000, Jonathan was a consultant and project manager with Oliver Wyman, where he focused on risk management and strategy work with financial institutions in Europe and North America. Jonathan graduated cum laude with his Bachelor of Arts from the Woodrow Wilson School of Public & International Affairs at Princeton University and with a certificate from the Program in Latin American Studies. He is a member of YPO, Gotham Chapter, and serves on the Executive Committee of the YPO Global Family Business Network.

6 Keynote Discussion Daniel Lubetzky Chief Executive Officer & Founder KIND Daniel Lubetzky, founder and CEO of KIND, is on a mission to make the world a little kinder one snack and act at a time. Maker of delicious and nutritious foods, KIND created a new healthy snacking category with the introduction of its first fruit & nut bars in Established as not-only-forprofit, KIND is also committed to using its business as a vehicle for social change. Its KIND Movement inspires everyday acts of kindness (three million and counting!), and The KIND Foundation works to create kinder, more empathetic communities. Most recently, the Foundation unveiled Empatico an idea that Daniel conceived more than a decade ago. Empatico is a $20MM multi-year initiative that will broaden kids world views through meaningful interactions with peers across the globe. Drawing on his experiences with KIND and more than two decades in the food industry, Daniel founded an independent organization called Feed the Truth in This nonprofit seeks to improve public health by making truth, transparency and integrity the foremost values in today s food system. A social entrepreneur working to build bridges between people, Daniel is also the founder of PeaceWorks Inc., a business that fosters cooperative ventures among neighbors in the Middle East. Additionally, he co-founded Maiyet, a fashion brand that partners with artisans to promote entrepreneurship in developing economies, and the OneVoice Movement, an international grassroots effort that amplifies the voices of moderate Israelis and Palestinians seeking to end the conflict. His commitment to creating economically sustainable and socially impactful business has been lauded by BusinessWeek, Time, Fast Company and Entrepreneur. Daniel has also been recognized by the World Economic Forum and the Skoll Foundation, and in 2015 President Barack Obama and Commerce Secretary Penny Pritzker named him a Presidential Ambassador for Global Entrepreneurship. In 2017, Daniel was celebrated as a Common Ground awardee for his accomplishments in conflict resolution, community building and peacebuilding. He is the author of the New York Times bestseller Do the KIND Thing.

7 Wise Counsel: The Role of General Counsel in Family Investment Firms Carol Hannigan General Counsel Moreland Management Company Carol A. Hannigan is General Counsel of Moreland Management Company, a single-family wealth management office for the Horvitz family in Beverly, Massachusetts and Cleveland, Ohio. Moreland Management Company was founded in 1987 by Leonard, Jeffrey and Richard Horvitz, and provides a wide range of wealth management services to three generations of Horvitz family clients. The primary mission of the office is to serve the investment, financial/accounting, tax, legal, fiduciary and administrative interests of this multigenerational family and their related entities including investment LLC s, trusts, private trust companies and foundations. As General Counsel, Carol handles all litigation, investment, trust and estate planning, audit and compliance matters. She is also responsible for developing and executing wealth transfer and tax planning strategies for all family clients and coordinates the work of external advisors, as needed, to meet family needs and objectives. She serves as a key senior advisor to all family members. Carol received her B.A., magna cum laude from Simmons College and her J.D. from Boston University School of Law, cum laude. Jodi Ganz Chief Operating Officer & General Counsel Belfer Management LLC Jodi Ganz is the Chief Operating Officer and General Counsel of Belfer Management LLC, in New York, NY, a family investment firm that emphasizes energy, real estate, financial services and certain consumer-facing businesses. In her roles, Jodi advises on all legal matters relating to the firm, its investments and certain family members, and has primary responsibility for operations and risk relating to IT, benefits, human resources and business continuity. Prior to joining Belfer Management in 2012, Jodi served in various roles, including as General Counsel, at Greenhill & Co., Inc., a publicly-traded M&A advisory firm and GCP Capital Partners, the middle market, private equity spinout from Greenhill. Jodi started her career at Davis Polk & Wardwell, where she practiced in capital markets, M&A and investment management in both New York and London. Jodi received her A.B. in Public Policy Studies from Duke University and her J.D. from Fordham University School of Law, where she was Editor-in-Chief of the Fordham International Law Journal.

8 Family Enterprise in Transition: Lessons in Generational Succession Jeremy Kroll President, Chief Executive Officer & Co-Founder K2 Intelligence As president, CEO, and co-founder of K2 Intelligence, Jeremy M. Kroll is responsible for charting the firm s growth strategy, including market development, strategic partnerships, and acquisitions. With more than two decades of investigative and leadership experience, Jeremy has led K2 Intelligence since its inception in 2009 through its growth into an internationally recognized firm with six offices across the United States and Europe. Using the strategic acquisition of intelligence to inform risk mitigation strategies, Jeremy helps executives and business owners to further their business objectives. He serves as a trusted advisor and complex problem solver to business owners, boards of directors, and C-suite executives, working with them to mitigate risk across the corporate and family office spheres. He advises clients on risk management as they pursue strategic investments, including cross-border acquisitions and multinational investments, and helps them to navigate the changing physical and cybersecurity landscape in a way that embraces technological change while minimizing strategic risk. Jeremy received his M.B.A. from TRIUM, the executive global M.B.A. program of the New York University Stern School of Business, HEC Paris, and the London School of Economics. He holds a B.A. in foreign languages and fine arts from Georgetown University. Gustave Lipman Senior Partner Scorpion Solutions Group Gustave K. Lipman is an investor and advisor in innovative security services groups. Since leaving Allied Universal, Mr. Lipman has been a senior advisor and board member to Scorpion Group Solutions that focuses on Defense and Intelligence business to government sales of advanced military, counter-terrorism and counterintelligence solutions. In this role, he has identified and represented cutting edge security technology providers from Israel for the United States and its allies. Mr. Lipman also serves on the board of directors and advises the CEO of Circadian Risk which creates risk assessment software as a service. The solution is data driven, objective, and with actionable results to allow for a standardized risk solution. This software provides security and safety professionals with the tools to assess, visualize and reduce risk to critical assets. Gustave Lipman serves as an advisory board member of Ataata. Developed by top leadership from the US military, law enforcement and the intelligence community, Ataata is a security awareness training and cyber risk management platform that helps combat information security breaches caused by employee mistakes. He earned a BS in Economics with concentrations in Strategic Management and Entrepreneurship from The Wharton School of the University of Pennsylvania in 1994.

9 Thank you for joining us! About Crystal & Company s Family Enterprise Risk Practice Our Family Enterprise Risk Practice provides insurance services to closely held businesses, family offices, private family trust companies, and family-affiliated ventures. Our process is led by a dedicated relationship manager, an approach that provides each client with bespoke treatment while leveraging the full organizational strength of Crystal & Company (originating from a three-generation family enterprise). Our experience covers all the insurance needs of the enterprise and family alike personal and commercial, management and professional liability, employee benefits services, and specialized areas such as aviation, mergers & acquisitions, and trustees.

10 Crystal & Company is the home for talented insurance professionals: creative, committed to their clients and driven to deliver extraordinary results. The company drives the strategy and execution behind insurance and employee benefits programs for businesses that want to be smart about risk. The firm is now part of Alliant Insurance Services, one of the nation s largest specialty insurance brokerage firms. Alliant provides property & casualty and employee benefits products and services to clients globally, within a vast array of industry verticals. crystalco.com alliant.com 2018 Crystal & Company. All Rights Reserved.