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The Senate Health, Education, Labor, and Pensions Committee has passed the Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg Act (RISE and SHINE Ac

There is no “one size fits all” structure for governance that is correct for every ESOP company.

A recent report by Gallup titled Employee Burnout: Causes and Cures provides useful insight into an issue of growing concern — employee burnout.

America is facing a crisis of social trust. In 1964, more than three-quarters of Americans said they trusted the federal government; today, only a quarter of Americans do. In 1972, 46% of people said other people can be trusted; today only 30% do.

Under ERISA, the ESOP trust is the legal owner of the shares in an ESOP. The trustee votes these shares, usually at its discretion but occasionally at the direction of plan participants. That includes voting for the board.

When Dr. Randy Spencer met with his leadership team in 2018 and presented the idea of selling his 24-hour emergency, specialty and primary care clinics, 1st Pet Veterinary Centers, to an ESOP and its 300 employees, he was not lacking in potential buyers for the company.

In 2018, Folience, a 100% ESOP-owned holding company based in Cedar Rapids, Iowa, bought Cimarron Trailers, a manufacturer of high-end custom horse and livestock trailers in Chickasha, Oklahoma.

“Ok, everybody, please take a breath. Yes, Clown Shoes has been acquired by Harpoon.

Huawei Technologies is the largest telecommunications equipment manufacturer in the world and the second-largest manufacturer of smartphones. It has close to 200,000 employees worldwide, mostly in China.

Driven by engaged, entrepreneurial employees, employee-owned companies often emerge as industry leaders, pioneering best practices in a range of areas.