The employee ownership model is on the move in Australia. Research shows that when done well employee ownership significantly and positively improves the financial performance of businesses, and that benefits both owners and employees.

Show Notes

Employee Ownership has many advantages that can result in greate business success. It's a major opportunity for both owners of SMEs and employees. 

Andrew Clements is a legal consultant in the global law firm  King & Wood, Mallesons and Chair, Employee Ownership Australia . He has over 30 years’ experience in relation to both the tax and legal issues associated with employee share schemes. 

He is also the current chair of Employee Ownership Australia (EOA). 

EOA is an independent not-for-profit member-based organisation promoting employee ownership in Australia. More recently Andrew appeared before the Parliamentary Inquiry into Employee Ownership Australia by the Tax and revenue committee.

In this episode Andrew talks about;

  1. The use of employee ownership in both established and start-up businesses
  2. How owners can use employee ownership;
    1. To improve business performance through greater employee engagement, collaboration, and a shared vision
    2. As part of their planning to exit the business, either partially or totally
  3. How employees can benefit
  4. How businesses using employee ownership are better placed to survive challenging business conditions
  5. The UK's experience with employee ownership

Employee Ownership Australia has a wealth of resources on their site to help owners and employees.

https://employeeownership.com.au/

https://www.industry.gov.au/data-and-publications/staff-research-papers/the-performance-and-characteristics-of-australian-firms-with-employee-share-schemes

https://employeeownership.co.uk/

http://employeeownership.com.au/eoa/wp-content/uploads/2012/07/nuttall-report.pdf

 


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