OEOC

The Ohio Employee Ownership Center

Tag Archives: Employee Ownership

Three-Part Series of Webinars for ESOP Companies Begins Next Week-Register Now

Our next series of webinars begins next week with a presentation on Department of Labor regulations related to ESOPs, presented by Dale R. Vlasek, Attorney.

Register now to take advantage of this convenient and economical way to learn from some of the most experience, knowledgeable, and dynamic professionals in the ESOP Community.

Upcoming Presentations:

  • March 6, 10 AM – DOL Enforcement and ESOPs; Current Issues – Presented by Dale R. Vlasek,  Attorney, McDonald Hopkins LLC. View archived video
  • March 8, 10 AM – Explaining Ownership Culture – Presented by Christopher Mackin, President, Ownership Associates, Inc. View archived video
  • March 12, 10 AM – An Appraisers Perspective on Acquisitions – Presented by Davin Gustafson,  Principal, Apple Growth Partners. View archived video

Learn more about the webinar series.

To answer any questions you may have, or for further information concerning these events please contact Jay Simecek or Chris Cooper at the Ohio Employee Ownership Center,  330-672-3028.

Interview with Graeme Nuttall on the Applications of Employee Ownership

Angela Perry the Chair of Employee Ownership Australia & New Zealand interviewed Graeme Nuttall, expert in Employee Ownership; partner at Field Fisher Waterhouse, UK; and author of Sharing Success: the Nuttall Review.

Topics include:

  • Key barriers to employee ownership in the UK
  • Essential elements tosuccessful employee ownership
  • The connection between employee engagement and employee ownership
  • Importance of employee ownership in succession planning and saving companies
  • Driving productivity and innovation
  • Importance of employee ownership for small to medium enterprises and start-up businesses
  • The global application of the developments in the UK

Watch the full video . . .

Deputy Prime Minister Wants Employees "in the driving seat" in Britain

A number of articles have appeared recently regarding the response of Deputy Prime Minister of Britain, Nick Clegg, to Graeme Nuttall’s examination of methods to promote employee ownership and spread the benefits of employee ownership to the wider economy.

It’s not enough to talk about a new kind of capitalism: more balanced, more sustainable, fairer. We need to roll up our sleeves and build it – and that is what today is about.

. . . 

That’s why today I have announced that an Institute for Employee Ownership will be established, that there will be new off-the-shelf ‘DIY packs’ for companies to adopt the Employee Ownership business model and that we will issue a call for evidence from business and employees on how a right to request could work

The Nuttall Review was published on July 4, 2012 to summarize the existing research on the benefits of employee ownership, identify the key barriers in adopting employee ownership and reccommend ways of overcoming these barriers. The report can be viewed here

Related articles;

Responding to Nuttall – next steps to a John Lewis economy, Nick Clegg, Cabinet Office

British firms can be saved by employee ownership, says Deputy Prime Minister, Co-operative News

Nick Clegg seeks more employee ownership, BBC News

Nick Clegg to announce new employee ownership institute, The Guardian

Government shows support for employee ownership, Department for Business Innovation & Skill

Archived videos of Network Webinars from March and April now available!

In March and April of 2012, the OEOC offered five one-hour webinars covering a variety of topics and presented by experienced professionals. These webinars present a convenient way to learn about important ESOP topics from your computer.

The following archived webinars are now available;

  • Basic ESOP Administration Primer
  • Repurchase Obligations: Moving From Study To Strategy
  • Avoiding the Seven Deadly SIns in setting up an ESOP
  • ESOP Benefit Distributions… a Critical Administratie Issue
  • Valuation – a Black Box Demystification… Understanding the ESOP Valuation Report

For more information and to view any of these recordings, click here.

Employee Ownership: A Better Way of Doing Business

If you’re interested in learning “a better way of doing business,” we invite you to attend the 26th Annual Ohio Employee Ownership Conference. The conference, titled Employee Ownership: A Better Way of Doing Business, will take place April 20 in Akron, Ohio, and will feature keynote speaker Joseph Blasi.

Joseph Blasi is a professor at the School of Management and Labor Relations at Rutgers University where he was named to the post of Robert J. Beyster Professorship of Employee Ownership.

Attendees will have the opportunity to learn about various aspects of employee ownership, and meet with other network members. If you’re interested in attending you can register and find more information on the OEOC Website.

We hope to see you this April in Akron!

Friday Employee Ownership News Digest

I thought I would let all of you know about some of the more interesting stories I’ve read over the last week from the world of employee ownership.

First up are a couple of stories from two officers from separate employee-owned companies who both stress that employee ownership is good business, and a great way to support the retirement savings of workers:

Greg Klein, CFO and Vice-President of Inland Truck Parts from the Des Moines Register

Mike Heitmann, President and CEO of Garney Construction from the Kansas City Star

Next up is an article from the Financial News & Daily Record newspaper (based in Jacksonville Florida) on the power of “ownership thinking.”

And finally, from the other other side of the world (specifically from the Sydney [Australia] Morning Herald) comes an interesting piece on how the “us-vs-them workplace is just bad business”.

I think the common theme among all the pieces is the idea of when you allow workers to share in the risk and rewards of operating a business, the end results tend to be positive.

Happy Employee Ownership Month!

In case you didn’t know, October is Employee Ownership month. The ESOP Association has posted a press release that contains some quick stats on the shape of employee-owned companies in the U.S. If you are interested in learning more about employee owned companies in Ohio, you can check out our listing of Ohio’s Employee-Owned Network members on our website. Support the employee-owned businesses in your area!