Department of Labor Plans to Re-Propose Fiduciary Regulations

Fil Williams, DOL senior employee benefits law specialist for the Employee Benefits Security Administration's Office of Regulations and Interpretations, said that the department still plans to re-propose regulations that would specify the conditions under which a stock appraiser would be deemed a

Have You Voted?

The NCEO's board election is underway. Over 300 votes have been cast, and members have until January 31. An email with instructions and a link to the ballot was sent on January 4, or you can call us if you would like to vote.

Berkshire Hathaway Completes Purchase of Employee-Owned Newspaper

Warren Buffett's Berkshire Hathaway finalized its purchase of the Omaha World-Herald on December 23. The former owners, 275 current and former employees as well as the Peter Kiewet Foundation, approved the sale by what the World-Herald described as an "overwhelming" vote.

Stock Options Spread Through India's Economy

According to an article in the Business Standard, information technology companies granted 61% of all stock options in India in 2003, but as other sectors star

New ESPP Reference from CEPI

The Certified Equity Professional Institute (CEPI) at Santa Clara University released GPS/ESPP, a publication designed for companies evaluating or currently offering ESPPs, including both 423 and non-423 plans.

NCEO's ESOP Executive Compensation Survey Closes January 6

Thanks to the companies that have filled out the NCEO's survey on executive compensation in ESOP companies, we now have over 300 responses. People who completed the survey will receive a prerelease copy of the results as soon as they have been compiled.

NCEO Board Elections Open January 4

Members in good standing will receive emails on January 4 with a link to the online ballot for the election for the NCEO's board of directors. The election will close on January 31.

SEC Alleges Fraudulent Stock Valuation at Stiefel Labs

On December 12, the SEC sued Stiefel Laboratories and its then-CEO Charles Stiefel for defrauding plan participants and other shareholders of $110 million by purchasing shares from them at "severely undervalued prices." Stiefel Labs, which was privately held at the time of the purchases and is cu

Employee Ownership in Southern Africa

Zimbabwe and South Africa are both actively pursuing employee ownership as a means of transferring ownership to traditionally marginalized groups.

Penn Leadership Program for ESOP CEOs

The University of Pennsylvania and the Employee Ownership Foundation have announced the 2012 Leading in an Ownership Setting, a certificate program for chief executives of ESOP companies.