I am pleased to share that our research on governance and culture within employee owned companies has been published in the Journal of Participation and Employee Ownership. This research is a sequential mixed method, using the Stewardship Climate Scale as the quantitative method, and structured interview as the qualitative method. The research included 154 ESOP…
Many thanks to Carole Leslie of Ownership Associates for sharing the OA May newsletter providing insight into employee ownership in Scotland.
Thanks to Carole from Ownership Associates UK for the following information! Welcome to the 24th edition of Ownership Matters – that’s two years we’ve been going! Lots to celebrate in this issue… A big employee ownership welcome to two new companies this month! Read about Caley Timber and Kilmac, two fantastic construction businesses where the former owners put their staff…
Research Opportunity – The Indiana Center for Employee Ownership is seeking one or more employee owned companies to participate in a research study investigating the type of governance (Agency or Stewardship) present within the organization. The study would seek to determine if the type of governance reported by the participants varies by position (management/non-management), tenure,…
Thanks to Carole from Ownership Associates UK for the following information! Bumper issue for you this month! Another two businesses join Scotland’s flourishing employee-owned community. Read the poignant story of Alan Steel Asset Management’s journey and the story of Spider Online. Our employee owned companies are collecting awards at a storming rate – celebrate the…
Research shows that ESOPs with an employee ownership culture outperform non-ESOP peers as well as ESOPs that lack an employee ownership culture. These ESOPs have an involvement orientated/ participative management philosophy, embrace a low power distance, and seek employee input to help solve problems. They communicate to each employee how their actions contribute to the…
Congratulations to Suzie Leisure of Opportunities for Positive Growth, Inc., who won the Employee Owner of the Year Award and to Empowered Ventures, formerly known as TVF, Inc., who won the Employee Owned Company of the Year Award. These awards were presented at the Indiana Chapter meeting of The ESOP Association’s Spring Conference.
The Committee on Appropriations submits the following report in explanation of the accompanying bill making appropriations for Financial Services and General Government for the fiscal year ending September 30, 2022. Page 106 of this report has the following positive comments concerning employee ownership and succession planning. As reported by TEA While Committee reports don’t have…
As reported by The Motley Fool, according to Vanguard’s analysis of ~5 million retirement accounts in 2021 the average 401K balance in 2020 was $129,157. Investopedia reports the average company match is 4.3% of the worker’s pay, so the vast majority of assets in a 401K is contributed by the worker (wage income). The funds…