Employee Ownership Blog

A poll of U.S.

The Co-operative Education Trust Scotland is pleased to announce the launch of its new university resource, "Democratic Enterprise: Ethical business for the 21st century." Designed for undergraduate students, Democratic Enterprise provides an open access, introductory-level analysis of democratic

A new survey by HR Solutions Inc. of more than 3.3 million employees in 2,400 U.S.

In Pfeil v. State Street Bank and Trust Co., No. 10-2302 (6th Cir. Feb. 22, 2012), the Sixth Circuit Court of Appeals broke with other circuit courts on the issue of when plan trustees deserve the presumption of prudence for investments in company stock (the "Moench presumption").

The Securities and Exchange Commission has signaled that it will be taking a close look at prices and practices for pre-IPO shares in secondary markets.

In the NCEO's new issue brief Floor Price Protection in ESOP Transactions, ESOP experts describe various approaches and issues related to providing plan participants protection against the impact of debt on stock prices after

President Obama's "Framework for Business Tax Reform" (available at this link) would change S corporation taxation rules so tha

The SEC has issued a no-action letter to the law firm of Fenwick West saying that restricted stock units are not subject to the 500-shareholder limit that, if met or exceeded,

The Iowa House of Representatives passed a bill to encourage ESOPs in the state by a vote of 92-3. The proposal, strongly backed by the governor, now moves to the Senate, where approval seems certain.

Corey Rosen, NCEO's senior staff member, traveled to South Africa in February to meet with government officials and speak at workshops on how the South African government can expand employee ownership. There are currently an estimated 500 employee ownership plans in South Africa.

Louis Campagna of the Department of Labor's Employee Benefits Security Administration said on February 2 that when it re-proposes its regulation on plan fiduciaries it will focus on appraisals that are used in transactions.

The Obama administration's revenue proposals include one item specific to ESOPs. The administration notes that current law is unclear about whether transfer of qualified replacement property to a spouse should trigger tax on the amount of capital gains originally deferred in an ESOP transaction.