Tag Archives | NCEO

2022 Corporate Accountability Forums

2022 Corporate Accountability Forums

2022 Corporate Accountability forums begin 2/22 at 11 am Pacific (2 pm Eastern) with Brandon Rees as our first guest speaker using our own Zoom account and registration process. Each session will last 60 or more, so everyone should get a chance to join the discussion. Flexibility is key, so meeting days and times will […]

Continue Reading ·
Incentive Shares

Incentive Shares: Meta, Amazon & Repligen Refuse to Say How Distributed

Incentive shares – shareholders have a right to know their distribution. Meta, Amazon, and Repligen argue against disclosure. Working mostly from the same template, they argue distribution of shares to employees is “ordinary business” and “does not focus on any significant policy issue that transcends the company’s ordinary business operations.” I submitted similar proposals to […]

Continue Reading ·
Employee Ownership

Employee Ownership 2022 Proposals

Employee ownership is my next focus. Support for proposals in 2020 and 2021 to encourage companies to add workers to the board has been weak. It is time to reassess. My conversations with CalPERS were especially interesting. Directors I interviewed who were elected by the members favored our proposals. Staff, those charged with voting shares […]

Continue Reading ·
Recovery AND Broader Ownership

Recovery AND Broader Ownership: Build Back Better

Recovery AND Broader Ownership: Take Action Economic recovery AND broader ownership can be ours. We need a nation of employees who more fully share and participate in a healthy recovery through ownership. Support legislation introduced by Republicans and Democrats: S 4236, [Senator Ron Johnson (R-WI) and Senator Tammy Baldwin (D-WI)] inject working capital into American […]

Continue Reading ·
SHARE Summit 2020

SHARE Summit 2020

SHARE Summit 2020 was a first for me. I had never attended a conference put on by Canada’s Shareholder Association for Research and Education. I encourage Americans to learn from our northern neighbors. Next year’s Summit will be in Toronto, so may be more accsssible to most readers than this year’s in Vancouver. (more…)

Continue Reading ·
2019 CalPERS CalSTRS Diversity Forum

2019 CalPERS CalSTRS Diversity Forum

2019 CalPERS CalSTRS Diversity Forum lived up to its billing as a unique opportunity to engage with industry leaders and experts on diversity and inclusion topics such as: The “Why” and “How” of driving diversity and inclusion Building and sustaining a positive corporate culture Human Capital Management metrics and their value to investors In the following […]

Continue Reading ·

ESOP Appraisers: What is Really Needed

A new U.S. Senate bill would exclude appraisers of employee stock ownership plans (ESOPs) from the U.S. Department of Labor’s new definition of fiduciary. S. 1232 says, Section 3(21)(A) of the Employee Retirement Income…Security Act of 1974 (29 U.S.C. 1002(21)(A)) is amended by inserting ‘and except to the extent a person is providing an appraisal or […]

Continue Reading ·

Corey Rosen to Retire from NCEO

Thirty years after founding the National Center for Employee Ownership, Corey Rosen plans to retire after the NCEO’s annual conference but also plans to volunteer four days a week. In an interview in Pensions & Investments (ESOP proponent Corey Rosen still dedicated, even in retirement), Rosen predicted retiring baby-boomers will taking advantage of a capital gains […]

Continue Reading ·

Fix CEO Compensation by Broadening Incentive Pay

The defenders of executive compensation argue that senior executives make the most significant contribution to a company’s success; ergo, outsize compensation is justified. But the NBER Shared Capitalism Research Project has shown the opposite: Distributing rewards across the corporation—sharing them with workers—is the most efficient way of making businesses more successful. Motivated employees are more […]

Continue Reading ·

ESOPS Gain at Indian IT Firms

Indian IT firms are witnessing a significant jump in attrition levels.  Retention has become a key challenge. Several IT firms are set to implement Employee stock option plans (ESOPs), reports Bibhu Ranjan Mishra from the Business Standard. Infosys discontinued its ESOP policy in May 2003, saying “the employees are not keen on it.” However, in […]

Continue Reading ·

The False Promise of Pay for Performance

Many, including this reviewer, called Bebchuk and Fried’s Pay without Performance: The Unfulfilled Promise of Executive Compensation the best corporate governance book of 2004. James McConvill’s The False Promise of Pay for Performance: Embracing a Postive Model of the Company Executive, largely a critique of Pay Without Performance, deserves similar attention. Bebchuk and Fried clearly […]

Continue Reading ·

Powered by WordPress. Designed by WooThemes