Part II of this note explains the relevance of using U.S. direct investment in Central America as a starting point for encouraging employee ownership. Part III describes the essential legal framework of the ESOP in the U.S., providing a framework from which to adapt the ESOP to other countries. Part IV argues that all parties participating in this form of expanded ownership will realize significant short and long-term benefits, but points out some problems of transferring ESOPs, a U.S. legal innovation, to different cultural and business environments. Part V presents some of the legal and economic issues of adapting ESOPs, and suggests two possibilities for implementing a program of expanded employee ownership.
William G. Hopping,
The Case for Employee Ownership in Overseas Operations of U.S. Multinational Enterprises in Central America,
Mich. J. Int'l L.
Available at: https://repository.law.umich.edu/mjil/vol8/iss1/10