Loren Rodgers
New research released on October 19, 2023 on employee ownership in the United Kingdom – the People Powered Growth Report – suggests the UK’s employee ownership sector is outperforming the UK’s national productivity while contributing to several measures of employee and community wellbeing. The report also notes that the number of employee-owned businesses in the UK increased by 30% over the last year.
Loren Rodgers
Artificial Intelligence will change how businesses operate, but is its impact any different in an employee-owned company? The CEOs of the ESOP companies that participate in the NCEO’s CEO network discussed opportunities and threats, and this blog post extracts a few highlights from their confidential conversations.
Loren Rodgers
It has been just over 100 days since the Employee Ownership Expansion Network and the National Center for Employee Ownership announced the official collaboration of our organizations at the NCEO conference in Kansas City. Some highlights of the first 100 days of our joint work include:
Loren Rodgers
On August 9, the IRS issued a press release warning about tax avoidance in employee stock ownership plan (ESOP) transactions. It is not clear what prompted the memo or whether there are any specific transactions that the IRS is investigating.
Loren Rodgers
The IRS issued a news release on August 9 stating that as part of “an expanded focus on ensuring high-income taxpayers pay what they owe,” it was warning “businesses and tax professionals to be alert to a range of compliance issues that can be associated with Employee Stock Ownership Plans (ESOPs).”
Loren Rodgers
If you were not in Kansas City last week for the 2023 Employee Ownership Conference, I want to share an announcement I made:
Loren Rodgers
The Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University announced on April 18 that it is launching the Shares Laboratory. The lab will use "big data" and a model of the national labor force to conduct research, monitoring, and policy-relevant work on all forms of equity compensation.
Loren Rodgers
The NCEO is delighted to announce six new members of its board of directors: Lori Atone, Jennifer Briggs, Haydee Caldero, Timothy Garbinsky, Susan Kildahl, and Dan Markowitz -- their bios are below. The three-year terms of the new directors will begin on April 1, 2023. Congratulations and thanks to our new directors!
Loren Rodgers
The Mondragon Corporation of Spain’s Basque region, an integrated network of more than 90 employee-owned companies plus many worker cooperatives, is the best-known example of worker cooperatives in the world. On December 15, the worker-owners of two of its largest member cooperatives voted to separate from the network, as reported in several articles, such as this one in El Pais.
