Employee Ownership Blog

Corey Rosen

Pro-Employee Ownership Legislation Passes the First Hurdle in the European Parliament

Thanks to Kosta Juri, director of operations at the Institute for Economic Democracy (IED), and Rachel Bachmann, head of strategic initiatives at IED, for helping draft this post.

Last week, the European Parliament (EP) plenary adopted (by 492 votes in favor, 144 against, and 28 abstentions) a resolution with recommendations to the European Commission to propose a harmonizing directive aimed at creating an EU-wide unified legal framework (the “28th Regime,” referring to an additional legal framework alongside those of the current 27 member states) for innovative companies.

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Matthew Licina

The Annual Conference Isn’t Just for ESOPs: Here’s Why You Should Attend

The NCEO Annual Conference brings together over 2,300 leaders in the employee ownership community. While ESOPs make up a significant portion of our attendee base, this year’s conference in Milwaukee (April 6-9) features 46 sessions relevant to non-ESOP employee-ownership structures—nearly a third of the entire program. 

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Corey Rosen

DOL Removes ESOPs from National Enforcement Project List

The Employee Benefits Security Administration (EBSA) at the US Department of Labor (DOL) announced today that it removed ESOPs from its national enforcement project list. ESOPs had been on that list since 2005 as one of five items on the list, which also included improper handling of various health plan issues, criminal abuse of defined contribution plans, plan investment conflicts, and benefit distribution violations.

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Scott Rodrick

S ESOP Companies Included in US Exemption from Global Minimum Tax

The Employee-Owned S Corporations of America (ESCA) reports that the Organisation for Economic Co-operation and Development (OECD) announced that a “side by side” arrangement will exempt all US companies from a new 15% tax on the global income of large multinational corporations. Senior US Treasury staff members have assured ESCA representatives that the US exemption will cover multinational US ESOP-owned S corporations, which otherwise would be subject to entity-level taxes.

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Corey Rosen

Grand Rapids Becomes the First City to Provide Preferences for Employee-Owned Businesses

Grand Rapids, MI, has become the first city to provide purchasing preferences for employee-owned businesses (PDF). Businesses can be employee-owned through an ESOP, an employee ownership trust, or a worker cooperative and must be certified by a recognized third party, such as Certified Employee-Owned or the NCEO.

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