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In the last few months, the Conservative Party in the United Kingdom has called for privatization of health services into employee-owned companies, using the employee-owned John Lewis Partnership as a model.

FMI Consultants, the leading construction industry consulting firm, predicts that broad-based employee ownership will increasingly replace family ownership in the industry.

The largest worker cooperative in the United States is Cooperative Home Care Associates (CHCA) of New York, employing 2,300 home health care workers.

Francesco Bova, an assistant professor of accounting at the University of Toronto and a Kelso Fellow for research in employee ownership, drew on lists provided by the NCEO to track the disclosure practices of 279 public companies with varying degrees of employee ownership.

NCEO members recently received the January-February 2016 newsletter. The cover story on current trends in ESOPs incorrectly stated the value of plan assets. Total plan assets as of the end of 2013 are $1.2 trillion, not $1.2 billion.

In the November-December issue of the Employee Ownership Report, we erroneously reported that in Pioneer Ctrs.Holding Co. EmpStock Ownership Plan & Tr. v.

In the September-October issue of the NCEO's newsletter for members (the Employee Ownership Report), I reported that 400 steelworkers at ESOP-owned Appleton Inc. (Appleton has approximately 3,000 employees) had gone on strike.

In the last update, we said that Senator Obama expressed qualified support for ESOPs in a recent letter to the ESOP Association. Actually, it was a letter written in 2005 to an Association member that was reprinted in a recent issue of the Association's newsletter. The error was ours.

In the last update, we incorrectly identified California as not following the federal exemption for income taxes for ESOP S corporations. In fact, California does do this, but it also levies an income tax/franchise tax at the corporate level (but not the individual level).

On May 1, after many years of uncertainty, final rules were issued by the U.S. Cost Accounting Standards Board for reimbursing ESOP companies for contributions to their plans. The final rules are very favorable to companies.