We invite employee-owners to take part in October’s three webinar sessions covering a variety of topics presented by some of the most experienced, knowledgeable, and dynamic professionals in the ESOP community.
October 1, 2013 10 AM – Accounting 101 for ESOP companies
This webinar will focus on the financial statement impact for partial and fully owned ESOP companies. It will detail the balance sheet and income statement impact, as well as the disclosure requirements for such companies. – Presented by Bill Schramm and Pete Chudyk, Moloney & Novotny
October 10, 2013 10 AM – Administering Your ESOP
In today’s challenging economic environment, members of a company’s Board of Directors, corporate officers, ESOP trustees and ESOP committee members need to make sure that they properly understand their roles and responsibilities. – Presented by Sharon Hearn and Alex Mounts, Krieg Devault
October 16, 2013 10 AM – ESOP’s – Just another Benefit? How is your ESOP part of the overall “rewards & benefit” program at your company?
Your total Benefits and Rewards package is an important expenditure for your business. This session will explore the options when structuring a comprehensive benefit and compensation plan for your company. – Presented by Dan Riemenschneider, Bruner-Cox
For more information on any of the webinars, visit the Network Webinar page.
The Employee Ownership Foundation’s 2013 Employee Owner Retreat will be held in Downers Grove/Chicago IL – August 15-17, 2013.
The Employee Owner Retreat is a two-and-a-half day, off-site training seminars staffed by the Ohio Employee Ownership Center, where non-managerial employee owners learn from and interact with their peers from other ESOP companies.The program, geared toward hourly and salaried non-managerial employees, will help participants develop team problem solving skills, become more knowledgeable about ESOPs and company financial statements, and gain a new perspective on employee ownership at their companies through structured exercises and informal discussions.
Employee Owner Retreat alumni say:
“I think this retreat was a positive experience and has given me a lot of good ideas to take back to my company. Very helpful!”
“I learned a lot from presenters and employee owners. Thank you.”
“Very valuable, and an opportunity to meet other champions, share ideas, and create resources.”
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.
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
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.
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.
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.
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:
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!