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New Washington State Bill Would Be Most Comprehensive State Program Yet

Massachusetts Passes Employee Ownership Center Bill

Canadian Employee Ownership Coalition Launched

HIGHLIGHTS:

HIGHLIGHTS: Employee ownership grows in Europe

HIGHLIGHTS: ● House Passes Main Street Employee Ownership Act on Voice Vote

HIGHLIGHTS: ● New UK Report on Employee Ownership

The Department of Labor has posted the latest Form 5500 filings data, which covers plan year 2020. The data includes a total of 6,467 ESOPs filing for 2020 covering 13.94 million participants holding over $1.8 trillion in total assets. Click in to the article to read more about the latest trends in ESOP creation.

Most descriptions of how an ESOP works focus on the ESOP trust borrowing money to buy shares. That’s a powerful tool, but not the right one for every company.

In recent years, many ESOP companies have strengthened the role of their boards, adding outside directors and holding more frequent and structured meetings. According to the NCEO’s 2016 Governance Survey, 74% of ESOP companies now have at least one ou