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2/21/2006: Employee Ownership Update for February 21 (National Center for Employee Ownership [NCEO])
NCEO Executive Director Corey Rosen discusses: Pension plan reforms include provisions providing greater diversification for public company employees in 401(k)s and KSOPs. A court ruled Merrill Lynch employees can get allocations of suspense account shares from the ESOP of a company Merrill Lynch acquired. The European Union's Prospectus Directive may discourage non-EU companies from having ESPPs. The IASB issued an exposure draft for amendments to share-based accounting rules.
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