The Securities and Exchange Board of India (SEBI) has liberalized rules for traded companies to acquire their own shares under employee stock ownership plans. Until now, companies could not make secondary market purchases to buy shares for employee ownership plans through trusts.
In addition to CPE credits (for accountants) and HRCI credits (for human resources personnel), select NCEO seminars and Webinars now offer IRS continuing education credit for enrolled retirement plan agents.
The Portland Press Herald ran a November 24 story titled More Maine construction companies are embracing employee ownership, citing three transactions this year: W
Sen. Kirsten Gillibrand (D-NY) announced that she was running for president, and her announcement video highlights her support for employee ownership and the Main Street Employee Ownership Act at 0:38.
The Senate Banking Committee, by a 17-4 vote, has agreed on a compromise version of broad reforms of the accounting profession. The agreement focuses on setting boundaries on accounting firms providing consulting services and on establishing standards for the oversight of accounting procedures.
Three New England Republican senators (Kelly Ayotte of New Hampshire, Olympia Snowe of Maine, and Scott Brown of Massachusetts) introduced a bill that would prevent the Department of Labor from implementing regulations that would make ESOP appraisers fiduciaries of those plans.
