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Welcome to our May edition of the Newsletter

We are delighted to see some real progress in the employee ownership space worldwide and further consultation on the changes in Australia all of which is incredibly encouraging.

Tickets for our 2015 Conference are selling fast and we only have a small allocation left, if you want to join us please sign up soon. Our Award nominations are closing on 18 May, so please ensure all nominations are in by then. This year our awards will be presented by Minister Bruce Billson.

Our 4th Annual Conference

Employee Ownership Australia’s 2015 Annual Conference will be held at the head office of Greenwoods & Herbert Smith Freehills, 101 Collins Street, Melbourne, on Thursday May 21st, 2015.

This year’s event is the organisation’s 4th annual conference and Employee Ownership Australia expects attendance by delegates representing more than 70 leading organisations.

The conference will close with a keynote presentation by The Hon Bruce Billson, Federal Minister for Small Business and Member for Dunkley.

Employee Ownership has operated in many other countries and research confirms that – to the considerable advantage of employers – their staff members who participate are both more committed to their companies’ objectives, and remain on the payroll longer.

This annual conference it the largest of its type in Australia and is routinely the ‘must attend’ event for HR professionals, employment lawyers, share plan advisors, finance directors, communicators and company secretaries.

It provides the ideal opportunity for like-minded senior executives from both the private and public sectors to exchange their own experiences of running Employee Ownership programmes and hear from leading advocates in this space.

Those experts this year will include Andrew Pendleton, who is Professor of Human Resources Management at Durham University Business School in the UK. Professor Pendleton’s very extensive experience in this sector includes earlier positions at the University of York Management School and other UK institutions of higher learning; and visiting appointments at Monash and Sydney Universities. Currently, he is Faculty Fellow and Mentor in the Beyer Program at the School of Management and Labor Relations at Rutgers University in the United States.

 

 

The ASIC Commissioner John Price will also be presenting and part of his work has been the introduction of changes to prospectus filing exemptions in employee share plans.

Our corporate panel has on it Telstra and Orica to share their stories as well as wealth of expert panel members.  Our full program is available on our conference website.

Industry News

We are extremely delighted to announce that some of the key changes that EOA has been asking for have been implemented.  This month particularly saw the roll out of the ATO and Treasury consultation process on safe harbour valuations and standard documentation.

Overseas

Europe: Assets held by European employees in shares of their company increased to 301 billion Euro in 2014, a new record.

European governments are being to promote employee share ownership, in the UK, Spain, Hungary, and Austria tax incentives will be doubled. The full report is online.

 

China: Employee ownership plans are widely seen as important mechanisms in reforming China's state-owned enterprises.

USA: A recent report around the contribution of ESOP to SCorps and participants retirement income shows SCorps had an 11.5% compound annual growth rate, 62% higher than the S&P 500 Total Returns Index's over the same period.

Media Coverage

Why Bill Withers decided to sell his company to his workers
13 Apr 2015 | BRW