Employee Ownership Blog

On April 12, people from 23 employee-owned companies gathered online to talk about business literacy, stock value, and ESOPs for employees.

The Canadian government’s proposed 2023 budget creates a framework for employee ownership through employee ownership trusts. The budget states:

New York Assembly bills A1920 and S962 would create a state employee ownership center to be housed at a university to provide outreach, education, and training on employee ownership, incl

The John Lewis Partnership, an iconic British retailer, is considering outside investors for the first time, a move that would dilute its 100% ownership through an employee ownership trust.

A new NCEO study found that, over the last 10 years, 68 private company ESOP court cases had results in settlements or judgments that cost the defendants a total of $385.5 million. The average payout per employee in these cases was $14,400 per participant.

Employee retirement plan holdings in company stock in banks have declined in the last two decades, but employees at Silicon Valley Bank (SVB) and several other banks saw significant losses following SVB’s implosion.

The “Employee Ownership, Empowerment, and Expansion Act” (SB0085 and HB0154) has unanimously passed authorizing committees in both houses of the Tennessee General Assembly.

The proposed 2024 New Jersey budget includes $6 million in funding for conversions to ESOPs and other plans, and legislation in Missouri would restore a capital gains exclusion for sellers to an ESOP.

The NCEO kicked off 2023 with a bang! Two weeks ago, we held our first feasibility meeting of the year in Portland, Oregon.

We’re thrilled to announce that our new Recruitment and Retention toolkit is now live!

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.

We recently released three new ESOP-related books: Don't Do That with Your ESOP! 3rd ed., Executive and Director Compensation in ESOP Companies, 8th ed., and Banks as ESOP Sponsors.