In this episode, Josh and Nene welcome guest Jennifer Anderson to discuss the Federal Trade Commissions’ (FTC”) proposed rule to ban Noncompete Agreements. What’s at stake is employers’ ability to impose noncompete agreements on their workers. Noncompetes are a widespread and often exploitative practice that suppresses wages, hampers innovation, and blocks entrepreneurs from starting new businesses. Ms. Anderson provides in-depth analysis and insight on measures businesses can undertake to mitigate some of the perceived threats often understood to be ‘covered’ by a non-compete agreement. Nene discusses the potential impact on the valuation of non-competes from a financial reporting perspective, while Josh mentions the repercussions it might have on noncompetes in a litigation context.
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Produced by: AICPA & CIMA‘s “Forensic and Valuation Services (FVS) Podcast”
Host(s): Joshua J. Shilts, CPA, ASA, ABV/CFF/CGMA, CFE – President, Shilts CPA; Nene Gianfala, CPA/ABV, CEIV, ASA-BV/IA – Vice President of the Valuation Advisory Group, Chaffe & Associates
Guest(s): Jennifer L. Anderson, JD – Shareholder, Baker Donelson
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