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Employee Ownership Research backs benefits

Incentivising Employees: The theory, policy and practice of employee share ownership plans in Australia
by Ingrid Landau, Ann O’Connell and Ian Ramsay

Employee share ownership has the potential to generate a culture of enterprise and innovation, and build national wealth and savings. This book is the culmination of a multi-year research project funded by the Australian Research Council and represents the first detailed discussion of the theory, policy and practice of employee share ownership plans (ESOPs) in Australia. The topics examined in the book are key legal and policy issues relevant to ESOPs, the current incidence and forms of ESOPs in Australia, the corporate law and taxation law frameworks, why employers implement ESOPs and why employees participate in them, international comparisons, and recommendations for reform.

The book will be launched on Monday, 20 May 2013 in Melbourne by Minister Bill Shorten.

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Small business succession spotlight

Retiring owners of small and medium enterprises will find a wealth of advice and information on how to sell your business to employees via an employee share ownership plan (ESOP) at this year's Employee Ownership Conference, Friday, 24 May 2013 at the Shangri-La Hotel in Sydney.

ESOPs are a proven successful strategy for business owners who would like to see the business continue after they exit for retirement or other reasons. ESOPs overcome many of the challenges of succession by actually facilitating ownership change, but also they ensure business continuity and preserve the businesses values and the jobs it generates. Employee owned firms have on average 4-5% higher productivity rates and they record higher average staff sales and post higher profits.

The conference program has a focus on the needs of SME businesses with a presentation from ASIC Commissioner, John Price, on key issues in the SME area in the next 12 months and conference workshops dedicated to SME critical success factors, including how to maximise your brand and business in preparation for sale or to maximise profits, how to value your business so that you know what you are worth and how to implement an employee share plan to maximise productivity.

The EOA conference followed by the 2013 EOA Awards dinner is an opportunity to network with other business owners and discuss industry issues.

For more information on the relevance of the conference program to your business needs and for details on the SME conference trade rate, please email Alan Greig, from the EOA board.

Read press release: Retiring from the business should not mean closing the door

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Angela Perry

From all of us at Employee Ownership Australia and New Zealand, we look forward to seeing you at the conference and awards night at the magnificent Shang-ri La Hotel, The Rocks Sydney, on Friday, 24 May 2013.

Yours Sincerely,

Angela Perry

Employee Ownership Australia & New Zealand

E. angela.perry@employeeownership.com.au
M. 0424 557 297