Goodbye Non-Competes? The FTC's Proposed Rule
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ESG Center Briefings

Goodbye Non-Competes? The FTC's Proposed Rule

February 16, 2023 11:00 AM ET - 12:00 PM ET | Virtual Meeting

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Background

The ESG Center will host a Center Briefing on the Federal Trade Commission’s proposed “Non-Compete Clause Rule” (NCCR).  The FTC’s NCCR would effectively declare non-compete clauses as per se violations of antitrust law and prevent employers from entering non-compete agreements with employees and require firms to rescind existing non-competes.  

The rule, if adopted, would directly affect 20 percent of the US workforce who, according to the FTC, are bound by non-competes.  It could also have a significant impact of companies’ ability to protect against the loss of trade secrets and business relationships that belong to the company, where non-competes are often the first line of defense. 

The Briefing will feature two Partners from Weil, Gotshal & Manges: John Barry, Head of Weil’s Employment Litigation Practice Group, and Jeff Perry, Co-Head of Weil’s U.S. Antitrust/Competition Practice. They will discuss and answer questions on:

  • The scope and terms of the proposed rule
  • The practical impact the rule could have on companies, innovation, and competition
  • The prospects for, and potential challenges to, the rule
  • How companies can weigh in on the rule
  • What companies should do to prepare
  • How the NCCR fits into broader trends in antitrust law and the constellation of investor, regulatory, and employee focus on workers’ rights

Description

Participating in a Center Briefing is an exclusive benefit for our ESG Center Members, and there is no fee associated with this program. As with our other briefings, this session is held under the Chatham House Rule to provide a forum for a truly candid and constructive conversation. 

To Attend

Please click the registration link on the top of the page.

For more information

For any issues or questions about the Center Briefing or your company’s membership status, please email the Evan Ladao, Program Manager, at evan.ladao@conference-board.org. 

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About the Series

Expert-led presentation for Members, held under Chatham House Rule, usually 60-90 minutes.

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