An employee stock ownership plan is an employee-owner program that provides a company's workforce with an ownership interest in the company. In an ESOP, companies provide their employees with stock ownership, often at no upfront cost to the employees. ESOP shares, however, are part of employees' remuneration for work performed. Shares are allocated to employees and may be held in an ESOP trust until the employee retires or leaves the company. The shares are then either bought back by the company
The Plan of Action and Milestones (POA&M) is a remedial action plan (the process of accepting or resolving a risk) which helps the agency to identify and assess information system security and privacy weaknesses, set priorities, and monitor progress toward mitigating the weaknesses.4 A
A corrective action plan is an organizational document that describes exactly how a specific problematic situation will be changed to better meet the goals of a company. The corrective action plan needs to include a clear statement of the problem as well as a statement of the desired outcome. The company manager must outline specific steps that need to be taken to move from the problem and bring the organization to the desired state.