Hi,
ESOP (Employee Stock Ownership Plans) are companies / corporations owned in whole or in part by their employees. Employees are usually given a share of the companies / corporations after a certain length of employment or they can buy shares at any time. A corporations / companies owned entirely by its employees will not, therefore, have its shares sold on public stock markets ESOP companies / corporations often adopt profit sharing, where the profits of the corporation are shared with the employees. These types of corporations also often have boards of directors elected directly by the employees.
I think this will help out...
Regards,
Rahul S