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Artificial Intelligence will change how businesses operate, but is its impact any different in an employee-owned company?

Many ESOP companies, especially in manufacturing, are facing challenges because 

We surveyed ESOP companies starting on April 10 in order to gather data on how they are faring so far in the application process. As of this writing, we have received 164 responses from companies with ESOPs. Of these, 115 or 70% have already submitted a PPP loan application, and most of the rest are actively working with a lender.

Our 2023 ESOP Repurchase Obligation Survey is now collecting responses from ESOP companies. The survey is open through March 15.

Our ESOP Executive Compensation Survey is now collecting responses. Learn more and take the survey here.

ESOP transactions require specific knowledge from both advisors and companies, each with unique responsibilities that compel them to act according to their duty and at the right moment.

New guidance from the U.S. Department of Labor on proxy voting of shares in retirement plans, including on environmental, social, and governance metrics, includes a brief section addressing whether trustees can and should override participant directions on offers to buy shares in a proposed acquisition of an ESOP company.

In recognition of their increased and successful efforts amid the coronavirus outbreak, President Trump praised a number of shipping and trucking companies, including Tennessee-based ESOP Big G Express.

In Lee v. Argent Trust, a district court dismissed a lawsuit challenging the valuation of shares purchased by the Choate Company ESOP.