Announcing the 2025 ESOP Corporate Governance Report
The 2025 ESOP Corporate Governance Survey report is available. This survey report includes comprehensive data on board policies and practices, trustee types, and other governance topics along with demographic questions. The NCEO has conducted surveys on ESOP companies' corporate governance since 2005. Our 2025 survey received responses from 556 ESOP companies in May–June 2025.
Our sincerest thanks to our survey respondents—without you, this work would not be possible. Respondents receive the full report as a thank-you.
Topics covered include:
- Board and committee composition
- Nominations, vacancies, and term limits
- Board policies and practices
- Type of trustee and compensation
The report is designed to help ESOP companies and others in the community to see overall patterns of governance, as well as compare themselves to other similar companies in terms of compensation types and amounts for directors and trustees. For 100% ESOPs, there are 476 responses to compare to.
Other comparison groups include:
- Construction (126 respondents), manufacturing (124), engineering and architecture (75), and all other professional/scientific/technical services (80)
- Six revenue categories (under $10 million, $10–50 million, $51–100 million, $101–200 million, $201–500 million, and $501+ million)
For any questions about the survey or the report, contact the NCEO research team at research@nceo.org.