The Role of Employee Shareholders in Corporate Governance
This French language doctoral thesis examines the role of employee shareholders in corporate governance, drawing on original interview research.
The National Center for Employee Ownership YouTube Channel
The National Center for Employee Ownership YouTube Channel includes webinars and videos on a variety of topics related to employee ownership. NCEO is a nonprofit organization that has been supporting the employee ownership community since 1981. Its mission is to help employee ownership thrive.
Employee Ownership Expansion Network YouTube Channel
The Employee Ownership Expansion Network YouTube Channel includes informative short videos about employee ownership. EOX is a national nonprofit focused on significantly expanding employee ownership across the United States by establishing and supporting a network of independent nonprofit State Centers for Employee Ownership.
John Lewis Partnership Approaching 100 Years – What Now?
This case study describes John Lewis Partnership. John Lewis Company has been in business since 1864. In 1929, it became the John Lewis Partnership (JLP) when the son of the founder sold a portion of the firm to the employees. In 1955, he sold his remaining interest to the employee/partners. JLP has a constitution and … Read More
Chatsworth Products, Inc.
This PowerPoint presentation is a case study that is part of Class 4 from the Course: Topics in Corporate Governance: Techniques of Equity Compensation. The case study discusses Chatsworth Products, Inc. (CPI), a leading manufacturer of systems designed to organize, store and secure IT infrastructure equipment. This presentation and case study is part of the … Read More
The Economic Argument for Stakeholder Corporations
The mainstream economic theory that guides corporations in the US only works if markets are perfectly efficient. This flawed theory has led to corporate decision-making that centers shareholders above all else, including other stakeholders (e.g., workers), long-term business growth, and economic health. This shareholder-first ideology is referred to as “shareholder primacy,” which does not reflect … Read More
Beyond Dichotomy: The Curvilinear Impact of Employee Ownership on CEO Entrenchment
Employee stock ownership gives employees a voice and therefore may have a major impact on corporate governance. Thus, employee stock ownership may be a powerful mean to protect CEOs from both market for corporate control and dismissal threat. In this paper, we examine the relationship between employee stock ownership and CEO entrenchment. Following the recent … Read More
Research on Employee Ownership, Corporate Performance, and Employee Compensation
Over the years, the NCEO has reported on new research on employee ownership and corporate performance. Now that a substantial body of work exists on the subject, they thought it would make sense to summarize it in one place.
Shareholder Concerns with Equity Compensation – Concept of Fairness
This PowerPoint presentation is Class 5 from the Course: Topics in Corporate Governance: Techniques of Equity Compensation. The session explores shareholders concerns regarding equity, building a culture of ownership, and effective leadership in an engaged company. This presentation is part of the Teaching Module: Topics in Corporate Governance: Techniques of Equity Compensation.
Guest Interview: Topics in Corporate Governance
This PowerPoint presentation is Class 4 from the Course: Topics in Corporate Governance: Techniques of Equity Compensation. The session explores two employee-owned business, ATA Engineering, Inc. and Chatsworth Products, Inc. Case Study #1: ATA Engineering, Inc. Case Study #2: Chatsworth Products, Inc. This presentation is part of the Teaching Module: Topics in Corporate Governance: Techniques … Read More
Legal Implications and Future Trends
This PowerPoint presentation is Class 3 from the Course: Topics in Corporate Governance: Techniques of Equity Compensation. The session explores the legal implications of equity compensation covering tax law and labor considerations; as well as future trends. This presentation is part of the Teaching Module: Topics in Corporate Governance: Techniques of Equity Compensation.
Overview of Techniques – Non-Qualified Plans and Synthetic Equity
This PowerPoint presentation is Class 2 from the Course: Topics in Corporate Governance: Techniques of Equity Compensation. The session explores what non-qualified plans are covering legal factors, basic types, direct and indirect ownership tools, stock options and settlement choices. The session also explores synthetic equity. This presentation is part of the Teaching Module: Topics in … Read More
Equity as a Currency of Business – Qualified Plans
This PowerPoint presentation is Class 1 from the Course: Topics in Corporate Governance: Techniques of Equity Compensation. The session explores the notion of equity as a currency of business; and explores the most “tax favored” techniques, qualified plans. This presentation is part of the Teaching Module: Topics in Corporate Governance: Techniques of Equity Compensation.
Topics in Corporate Governance: Techniques of Equity Compensation (Teaching Module)
This Teaching Module, designed by Anthony Mathews, covers the techniques used in equity compensation. The module consists of the course syllabus, five class sessions, two case studies and an Equity Compensation Cheat Sheet. Topics include qualified and non-qualified plans, legal implications, shareholders concerns regarding equity, building a culture of ownership, and effective leadership in an … Read More
Fostering Ownership Attitudes: Creative Equity Compensation Plans for Employees
In a chart format, offers summaries of common equity compensation instruments, categorized with type of plan, benefits, tax and accounting treatment, and drawbacks. Also provides guidance on implementing equity compensation.
Topics in Corporate Governance: Techniques of Equity Compensation (MGT 429)
Course Description: Techniques of Equity Compensation is a skills-based 2 unit elective course designed to provide students a comprehensive understanding of equity as a compensation vehicle.
Atlas Container Corporation: Thinking Outside the Box
A review of the literature found that companies that practiced a progressive set of HRPP and made decisions based on democratic principles are rare. Thus, knowledge of such a company should be valuable.
Optimal Employee Ownership Contracts Under Ambiguity Aversion
The aim of this paper is to compute and describe the conditions of an optimal employee ownership contract between an employer and an ambiguity‐averse employee. We then introduce ambiguity aversion in the baseline model of Aubert et al. (2014) using the multiple prior preferences of Gilboa and Schmeidler (1989) and its extension proposed by Maccheroni … Read More
Governance and Decision Making at Carris Reels
Synopsis Carris Reels, a reel-manufacturing company headquartered in Vermont, had long-standing goals of being employee owned and governed. They also had a strong organizational (ownership) culture. The Corporate Steering Committee (CSC), a committee composed of representatives from management and non-management employees, and the board of directors had a decision to make about adding two new … Read More
Cooperating Without Co-Laboring: How Formal Organizational Power Moderates Cross-Functional Interaction in Project Teams
I examine how different distributions of ownership and governance rights in firms affect the optimal organization of cross-functional project teams for knowledge-intensive work. I analyze multi-method data from two competing automated manufacturing equipment engineering firms with contrasting formal power structures, one a worker cooperative with ownership and governance rights distributed across occupations and the other … Read More
CH2M Hill: A Private Firm in a Public World
CH2M Hill was an employee-owned and controlled professional engineering services firm providing engineering, construction, consulting, design and design-build, procurement, engineering-procurement-construction (EPC), operations and maintenance, program management and technical services to customers all over the world. A large portion of the company’s project business was funded by governments. With 5.9 billion in sales in 2015 and … Read More
Looking for Mr. GoodTrustee
The purpose of this brief article is to suggest an interview script that reflects a list of areas that an ESOP company should want to understand completely before handing over this extremely important role to an outsider…
Succession at Berrett-Koehler Publishers: Institutionalizing the “BK Way” and Protecting BK Values for Future Success
The Berrett-Koehler (BK) case highlights the efforts of a competitively successful, mission-driven, socially responsible publishing company to preserve its values, culture and practices while ensuring continued future success. The case provides an opportunity to cover corporate governance topics such as: ownership structures, shareholder relations, CEO and organizational succession planning, and board roles and responsibilities.
Employee Ownership and Governance: The Carris Companies Making Change Impacting the Whole
William H. (Bill) Carris set a deliberate purposeful course for the whole system change that he deeply desired for his employees. The Carris transformation, innovative in its own right, provides examples of change from being traditionally owned, managed and governed to having shared ownership, participatory management and shared governance by the whole…
Critical Mass Radio Show Featuring Keith Molchan and Martin Staubus
This Critical Mass Radio Show discusses why, when and how business owners should choose the ESOP path as the correct succession strategy…