The ESOP Association Blog

Covering ESOPs and employee ownership

ESOP Transactions

The Employee Ownership Foundation, the affiliated foundation of The ESOP Association, is collaborating with the National Center for Employee Ownership (NCEO) on ESOP transactions metrics. If you would like to participate in this survey, please see below.

Following is an explanation provided to the Foundation by the NCEO.

Share Your Data: The ESOP Transaction Survey

The NCEO requests the help of current ESOP companies to share some core measures of their ESOP transactions, such as the types of service providers involved, the percentage of shares, and the broad cost range.

You can learn more about the survey and then fill it out here. It should take no more than 15 minutes and requires minimal research, if any.

Your responses will be completely confidential, and the NCEO will release only aggregate results to avoid any exposure for individual companies or even small groups of companies.

The NCEO’s goal is to publish an easy-to-find document that can help business owners considering an ESOP ask the right questions and maximize the chances that companies end up with the best transaction for their situation.

Contact Nancy Wiefek at the NCEO (NWiefek AT nceo.org510-208-1312) with questions.

Filed under: Employee Ownership Foundation, , ,

The ESOP Association Signs Joint Letter to FASB

The ESOP Association joined the Employee-Owned S Corporations of America (ESCA) and the National Center for Employee Ownership (NCEO) in sending a letter to the Financial Accounting Standards Board (FASB) urging the carve-out of private companies from new rules that may require private companies, including ESOPs, to disclose information in their ESOP audit reports filed with the 5500 form about the significant assumptions and methodologies used in the valuation of the company’s stock.

The Accounting Standards Update (ASU) 2011-04 would require companies to disclose the significant assumptions and methodologies used in the valuation of company securities that are not publicly traded and has been written in a way such that privately-held companies are likely to be required to provide a footnote in their ESOP audit reports filed with the 5500 form that would provide information to outside parties that many of our members may consider detrimental to the interests of their businesses and our employee-owners.

ESOP Association Chair, Mark R. Lomele, Senior Vice President and Chief Financial Officer of Recology, located in San Francisco, CA signed the letter on behalf of the Association.

To read the letter: click here.

Filed under: Government Affairs, , , , ,

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