The NCEO’s 2019 Fall ESOP Forum has reached capacity; we cannot accept any more registrations. Our preconference session Essentials for a Sustainable ESOP is still open.
In an amicus curiae brief filed on November 12, the Solicitor General argues that the Supreme Court should review the presumption that investments in company stock by ESOPs an
South Africa is taking initial steps to promote broader employee ownership, but in a largely unplanned and haphazard way. Under recent changes to the Black Economic Empowerment Program, companies are given points when black ownership amounts to at least 26% of all shares.
In a surprise development, South Africa has reduced the number of points companies with broad-based employee ownership plans earn for Black Economic Empowerment (BEE) credit.
South Africa's current Black Economic Empowerment program provides favored government contracting to companies that meet rules for expanding ownership to blacks.
The Clicks Group, an 8,000-employee South Africa-based retailer of health and wellness products across Africa, has announced that employees will receive a payout of $1.3 billion rand ($110 million dollars) as the first of one of two installment distributions of their employee stock ownership plan
