The founding director of the Southern Africa Employee Ownership Association (SAEOA), Tendani Nelwamondo, virtually attended the NCEO’s Fall ESOP Forum, where several attendees had a chance to talk with him.
The pandemic is a critically important time to conduct research exploring how businesses and their employees have fared, and what are successful ways to reduce the negative impacts from this crisis. Employee ownership is a key factor to be explored in this context.
Conversing and networking to learn all that you can from other ESOP companies can make a huge difference in your company's culture and performance. The NCEO will host an online conversation and networking opportunity for our members on what employee-owners really want.
Most of the value of Huawei Technologies is owned broadly by about 90,000 employees who buy what we would call phantom stock rights. Unlike most phantom plans in the U.S., however, the shares carry a right to interim profit distributions.
U.S. Rep. Ron Kind (D-WI) and Rep. Jason Smith (R-MO) have introduced the Savings for All Vocations Enhancement (SAVE) Act, a bill that would encourage more S corporation ESOPs by allowing sellers to get the same tax deferral available to owners of C corporations who sell to an ESOP.
Colorado has become the most recent state to create a state employee ownership center. Governor Jared Polis has created the Employee Ownership Office as a standalone center in the Colorado Office of Economic Development and International Trade (OEDIT). The office will have its own dedicated staff. It has $1.75 million in funding over the next two years.
A communications committee is a valuable tool for any ESOP company working to improve its ownership culture. This fall, our Communications Committee Crash Course will train participants on what makes a committee work best.
Today is the start of the America's Small Business Development Centers (ASBDC) annual conference, where employee ownership will be discussed not once, not twice, but thrice over the course of the event.