Employees to Receive Shares in UK's Royal Mail

The government of the United Kingdom announced that 150,000 employees of the Royal Mail will receive free shares when the postal service's shares go public, which is expected to happen in the next few weeks.

DOL Sues California Pacific Bank

The U.S. Department of Labor sued San Francisco—based California Pacific Bank, including its board of directors and plan trustees, saying the bank violated ERISA by failing to distribute account balances in cash following the 2010 termination of the ESOP.

Announcing the 2013 Employee Ownership 100

The NCEO has released the 2013 Employee Ownership 100 list, naming the nation's largest companies that are at least 50% owned by an ESOP or other broad-based employee ownership plan.

New Sites Offer New Way to Raise Equity

Upstart and Pave, two new crowdfuding sites, are offering a new way for companies to raise equity. Instead of seeking investors to get a conventional share stake, the sites provide that investors will get a stated percentage of profits each month for some number of years.

Ownership Thinking Conference

The seventh annual Ownership Thinking Conference will be held October 17 and 18 in Englewood, CO. The NCEO sponsors this conference, which helps companies create systems that engage employees by driving accountability and purpose in their work.

NCEO Seeks Web Designer for International Employee Ownership Web Site

Does your company have Web design expertise? Might you be interested donating some time to promote employee ownership around the world? From Australia and South Africa to the United Kingdom and the European Union, employee ownership is emerging as a rediscovered tool of national policy.