Control Premiums in ESOP Transactions

In recent years, the Department of Labor has been more concerned about ESOPs paying for control when, in the DOL’s view, it doesn’t really need to do so or is acquiring control more in form than substance.
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Corporate Governance Practices in ESOP Companies

Initial results from the NCEO’s 2016 survey of corporate governance practices in ESOP companies show the range of current practices in the composition and compensation of boards of directors and the various approaches companies take toward ESOP trustees.
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Creating Alignment between Employee Committees and Leadership Teams

The responsibility to create effective alignment should never rest solely with committees themselves. Leadership can play a significant role in both enabling committees to be successful and supporting them through some of their biggest challenges when it comes to creating a strong culture of ownership. There are several things to consider when working to create more effective alignment of between each group’s goals and the practices that will help all teams involved achieve them.
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Creating an ESOP Balance Sheet Bucket List

Since stepping down as director of the NCEO 11 years ago to become basically a close to full-time volunteer, I have had the privilege of serving on a number of ESOP company boards (the fees go to the NCEO). A key issue for these boards is how to think about their cash reserves.
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Creative Ideas to Manage Risk: Dealing with an Economic Downturn

With the economy in its 10th year of modest but steady growth, dealing with a downturn may not be on the minds of a lot of employee-owners. But any business in any economy can suffer a downturn, and a recession is bound to happen sometime.
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Culture and Engagement: Giving Your ESOP Communications a Video Reboot

In their presentation at the NCEO’s annual conference, Jacob Covell, media specialist at employee-owned Carris Reels, and Kyla Alterman, associate consultant at Workplace Development, acknowledged some of the ways in which ESOP communications and engagement might have experienced a bit of a slump since the pandemic.