Breaking The Mold
What is workplace democracy? Workplace democracy is generally understood as the application of democratic practices, such as voting, debate and participatory decision-making systems, to the workplace.
Teams, Not Stars, Are the Key to High Performance
It’s all well and good that a shared ownership stake may promote a team orientation, but does teamwork necessarily translate into superior business results?
Owners as Stewards: What Determines Employee Ownership of Institutional Investment Management Firms?
We examine how employee ownership is used to solve the agency problem between institutional investment management firms and employees.
Reinventing the Firm
Presenting a wide range of quantitative data alongside three new case studies of employee-owned firms, this pamphlet offers a new vision of economic autonomy where democratic companies drive a happier and more sustainable economy.
Topics in Corporate Governance: Techniques of Equity Compensation
This course is designed to give students the capacity to understand and evaluate the various tools and techniques available under current law and practice for applying corporate equity as a compensation and motivation vehicle for employees.
From Colleagues to Owners: Transferring Ownership To Employees
Based on ten case studies, the report explains what motivated a highly diverse mix of businesses to consider employee ownership as a succession or start up route.
Broad-Based Employee Share Ownership in Australian Listed Companies: Survey Report
The project subjects the existing regulatory regime for employee share ownership plans in Australia – in tax, corporate and labour law – to technical and empirical scrutiny. This research report presents findings from a survey of employee share ownership practice in ASXlisted companies.
Incentives, Targeting and Firm Performance: An Analysis of Non-Executive Stock Options
We examine whether options granted to non-executive employees affect the performance of the firm by exploring the link between broad-based option plans, option portfolio implied incentives, and firm operating performance.
Communications Company Practises Full Disclosure and Transparency When Implementing ESOP
The Toronto-based advertising and communications agency recently implemented an employee share ownership plan (ESOP), that has allotted 49 per cent of the company’s shares to potential and existing staff members.
Making Employee Ownership Work: A Benchmark Guide
‘Making employee ownership work’ is a new guide from the Employee Ownership Association and co-ownership advisers the Baxi Partnership, based on a survey of 25 EOA member companies including John Lewis, Unipart, Arup and Mott MacDonald.
Employee Share Ownership Plans: A Review
This paper reviews the main strands of research on employee share ownership over the last forty years.
Psychological Ownership: Theoretical Extensions, Measurement and Relation to Work Outcomes
First, the authors developed a scale for psychological ownership with four components — self-efficacy, accountability, sense of belongingness, and self-identity. Second, they correlated it with transformational leadership, organizational citizenship behavior, organizational commitment, workplace deviance, intentions to stay, and job satisfaction. All the correlations were in the predicted direction. The authors concluded that integrating psychological ownership … Read More
NHS Mutual: Engaging Staff and Aligning Incentives to Achieve Higher Levels of Performance
The report, on which EOA advised, concludes that employee ownership of the kind pioneered by Central Surrey Health has a valuable role to play but needs support from policy makers.
Five Key Errors in Designing Equity Compensation Plans in Closely Held Companies
I have had dozens of conversations with business owners who want to share equity with some or all employees over the past several years.
Employee Financial Participation for Corporate Governance and Social Dialogue
This is a collection of cases about the following companies: John Lewis Partnership, IsBank, Banca Popolare Milano, Handelsbanken, Dexia, Total, Aerlingus, Kardemir, Tullis Russell, Saf Tehnika, Eircom, and Enel.
Transnational Corporations, International Agencies/Organizations, and Employee Ownership
As business has become more global, there seems also to have developed a concurrent and growing trend toward the globalization of various kinds of employee ownership plans among multinational or transnational corporations.
John Lewis Partnership
The John Lewis Partnership (JLP) is one of the UK’s most profitable retailers – sales grew by 6.3% and pre-tax profit by 18.7% in the year to 27 January 2008. Its success owes much to the co-ownership principles of its founder, John Spedan Lewis, who handed over control and ownership in two trust settlements in the last century.
What is an ESOP?
What is an ESOP? Employee Stock Ownership Plans, or ESOPs, were designed as a way to put ownership into the hands of American workers.
The ‘Mondragon Experience’: A Case Study of Participatory Leadership and Workplace Democracy
This intensive summer course is an opportunity for participants to be exposed first-hand to a unique organizational model of participatory leadership, management, ownership and decision making by attending lecture and visiting sites at the Mondragon Corporacion Cooperative (MCC) in Mondragon, Spain.
Innovation Included: Why Co-Owned Businesses Are Good for Public Services
Written by internationally acclaimed business writer Charlie Leadbeater, Innovation Included makes the case for more public services to be provided by co-owned companies.
Reflexite Corporation
In March, 2007, Michael Foley, Chief Executive Officer of Reflexite Corporation, had to decide whether to proceed with a change in the company’s employee stock ownership plan. Foley, still in his first year as CEO, pondered the situation: the employees had spoken, but when the man who had built the company strongly objected, shouldn’t one listen?
Corporate Governance and Labor Relations
I view corporate governance as a process of designing and implementing various implicit and explicit contracts among capital providers, corporate managers, workers, and other important stakeholders. In my talk today, I will expand the scope of the typical shareholder value focus to consider the design and implementation of contracts with other stakeholders, particularly employees and organized labor.
Employee Share Ownership in Unlisted Entities: Objectives, Current Practices and Regulatory Reform
The project subjects the existing regulatory regime for employee share ownership plans in Australia – in tax, corporate and labour law – to technical and empirical scrutiny. This report considers the objectives and current practice in this area and notes that employee ownership levels tend to be lower for unlisted entities than for listed entities. It also examines the regulatory obstacles to such ownership and makes recommendations for reform to facilitate employee ownership in this area.
Companies We Keep: Employee Ownership and the Business of Community and Place
Thoroughly revised with an expanded focus on employee ownership and workplace democracy, Companies We Keep celebrates the idea that when employees share in the rewards as well as the responsibility for the decisions they make, better decisions result.
L. S. Starrett Company
Should Wachovia Bank and Trust lend the ESOP of Starrett the money to purchase shares? The required tasks involve a standard credit analysis and the valuation of Starrett’s shares.