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ESOPs are most often used to buy out 100% of the ownership of a closely held company. Often, ESOPs are the best choice for a family business that has passed ownership from generation to generation (for example, King Arthur Baking was family owned from the 1790s until it did an ESOP).

Employee ownership can be a competitive advantage in hiring people, and the experts on this subject are the people who are making it happen in their own companies.

Employee ownership can be a competitive advantage in hiring people, and the experts on this subject are the people who are making it happen in their own companies.

The answer to this question may seem obvious because ESOPs are part of the Employee Retirement Income Security Act (ERISA) and legally are considered retirement plans.

This month the NCEO released its 2022 Executive Compensation report, which analyzes executive compensation in privately held ESOP companies based on 380 survey responses.

Many ESOP transactions require a fairness opinion. A transaction fairness opinion is an opinion as to whether the transaction, taken as a whole, is fair to all parties and reasonable from a financial point of view. A fairness opinion represents the judgment of an independent and experienced professional applying recognized principles of valuation about the fairness of the financial terms of a transaction.

ESOP company boards and ESOP trustees both have fiduciary obligations under ERISA to act in the best interests of employees as shareholders.

At the recent NCEO virtual conference, a variety of panels discussed financial issues and options in the current environment.

When my husband Drew and I bought Onex from his father in 2018, we didn’t hesitate when setting personal and company goals or looking forward at the company’s future.

While I was talking and laughing with my six-year-old daughter Elouise on the chair lift for our third “one more” run at Purgatory, Colorado (enjoying an unseasonably warm weekend ski day in February 2020), my phone rang. “Hi, Adam, it’s Janet—how’s your weekend going?