Employee Ownership Blog
Loren Rodgers

Loren Rodgers

August 11, 2021

An Update to the Community: Why the Fall Forum Will Be Fully Virtual

As you've probably heard by now, our 2021 Fall ESOP Forum will now be exclusively an online event. While this news is disappointing to all of us who were eager to reunite with the ESOP community in person, we’re very excited for the Forum’s virtual shift and all the ways we’ll connect in our online format. Both of us were excited to travel to San Diego: As the NCEO’s board chair and CFO of member company Realityworks, Mary was planning to lead a team from Realityworks and was also looking forward to having face time with service providers and other ESOP peers. Loren, among many other things, was looking forward to meeting some of the new NCEO staff in person for the first time!

Loren Rodgers

August 04, 2021

Applications Being Accepted for 2021 Marilyn Perkins Claassen Scholarships

The Certified Equity Professional Institute (CEPI) at Santa Clara University is accepting applications for the 2021 Marilyn Perkins J. Classen Memorial Scholarships. CEPI Senior Director Alex Florea noted that "this is a great opportunity for individuals in the equity compensation industry to earn their CEP designation." The two $5,000 awards support study and certification as a certified equity professional (CEP). Applications are available online and will be accepted until August 20.

Loren Rodgers

August 02, 2021

House Committee Report Directs SBA to Fully Implement Main Street Employee Ownership Act

Since the Main Street Employee Ownership Act (MSEOA) was signed into law in August 2018, the NCEO and others in the field have questioned whether its implementation matched Congress's intent to promote employee ownership. See, for example, our blog post Proposed SBA Regulations Appear to Weaken the Impact of the Main Street Employee Ownership Act.

Loren Rodgers

July 15, 2021

Australia's First Company Owned by an Employee Ownership Trust: Meld Studios

On June 24, 2021, Meld Studios announced that it was transitioning ownership from its three founders to an employee ownership trust (EOT) that owns shares on behalf of all 22 Meld employees.

Loren Rodgers

June 07, 2021

Counting Down to the 2021 Fall ESOP Forum

The NCEO is excited to announce that the 2021 Fall ESOP Forum will be back in September, this time as a hybrid event! After more than a year of virtual education, the NCEO’s 2021 Forum will take place both onsite and online. This one-of-a-kind gathering will give attendees, speakers, and sponsors the ability to meet and engage with the ESOP community from wherever they are—onsite in San Diego, online via our state-of-the-art virtual platform, or both.

Loren Rodgers

May 26, 2021

Pro-Employee Ownership Legislation Dropped from Senate Bill

The U.S. Innovation and Competition Act (formerly titled the Endless Frontier Act (S. 1260) has now passed the Senate. As it was being considered, Senators Bernie Sanders (I-VT) and Jerry Moran (R-KS) submitted an amendment that would incorporate a version of the WORK Act (the Worker Ownership, Readiness, and Knowledge Act). The amendment was never acted on, however. The WORK Act, versions of which have been proposed by Sen. Sanders in prior Congresses (see S. 1081 from 2017, for example), would create a $50 million fund to be disbursed over four years for outreach to promote employee ownership through employee ownership centers sponsored or contracted by individual states. An office within the Department of Labor would create an “employee ownership and participation” initiative to coordinate and provide technical assistance for the program. A state, or an organization designated by a state, could receive a maximum grant of $330,000 per year, which would be increased by 5% per year, from 2022 through 2026. The idea of federal support for state-level employee ownership has been promoted by several think tanks, and has roots in an idea raised by the NCEO’s Corey Rosen in 1986 and initially introduced by Senator James Sasser that year.

Loren Rodgers

May 12, 2021

Australia's Government Is Latest to Propose Promoting Employee Ownership

In the factsheet Budget 2021-2022: Tax Incentives to Support the Economy (PDF, page 10), released on May 11, the Treasury of Australia announced that it would propose reforms to enhance employee ownership. The reforms, if enacted as proposed, would change the time at which taxes are due on income from tax-deferred employee share schemes (ESS), which is currently taxed at the cessation of employment.

Loren Rodgers

April 01, 2021

The State of Employee Ownership in Europe

On March 31, the European Federation of Employee Share Ownership (EFES) reported on the state of employee ownership in Europe in 2020 in its annual report on employee ownership in European countries. Author Marc Mathieu notes that “the upward trend in the number of employee shareholders continues,” but also that it may be in danger in Europe as it becomes “less and less democratic.”

Loren Rodgers

March 22, 2021

Six Ways to Get the Most from the April 16 Preconference Sessions

On April 16, the NCEO’s preconference sessions will give you a chance to dig in and make headway on one single employee ownership issue. You can go into more depth than in a conference sessions without devoting a whole workday. The preconference sessions are 2.5 hours, which is a quick way to get a block of continuing education credit, and each preconference includes an integrated set of presentations to move you from point A to point B, whether you are starting from scratch or are a “regular” at our conferences.

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