New Laws, New Books, Fresh Faces

Apr 19, 2024

Welcome Back!

One Thing

What We’ve Been Writing

Dr. Hand reports back from last week’s Purpose Trust Ownership Convening.
Tiffany sums up two recent employee ownership events — Stewards Circle for 2024 and Transform Finance’s latest webinar on investing in alternative ownership funds.
Dr. Hand gives some insight into a new book on employee ownership trusts from the National Center for Employee Ownership.

What We’ve Been Reading

Wisconsin is advancing an employee ownership bill, and an Illinois bill on “virtuous trusts” cleared the House on a unanimous vote (congrats, Marc!).
Alison Lingane, cofounder of Project Equity, is moving on (congrats, Alison!).
Pioneers Post explores the concept of steward ownership and its implications for sustainable business practices.
Chipotle (!?) is experimenting with stock splits as a mechanism for employee ownership (Thx NJ).
Check out a case study from Benzinga on how a cannabis company navigated the IRS tax code to transition to Employee Stock Ownership Plans (ESOPs), empowering its workforce in the process.
Investment Executive reports on the recent federal clarification of requirements for the Employee Ownership Trust (EOT) tax exemption on capital gains, providing valuable insights for those navigating the regulatory landscape.
An insightful interview on Dirt highlights actionable steps to address the biodiversity crisis from purpose trust pioneer Keith Bowers, whom we got to meet at our convening last week.

What’s Next

The 38th Annual Ohio Employee Ownership Conference is happening on April 18th, 2024 (go get ‘em, Michael!).

In Case You Missed It