No images? Click here
Dear EOA Subscriber,
In this interview with Irina Makukh, Employee Equity and Executive Remuneration Lead at Origin Energy, we hear how Origin’s focus on flexibility and communication is driving the growth and success of their Employee Share Plan.
Origin Energy is one of Australia’s leading energy companies with a focus on energy retailing, power generation including a growing portfolio of renewable energy and storage projects, and gas production. A leading provider of energy to homes and businesses around Australia, Origin employs around 5,000 people in Australia as well as PNG and South Pacific.
Hi Irina! Thank you so much for joining us to chat about your work at Origin Energy managing the Origin Employee Share Plan. Can you tell us a little bit about your role at Origin Energy?
Hi Max and thank you for the opportunity to share some details about Origin’s Employee Share Plan.
Over the past few years, my role has primarily focused on ensuring efficient operation of the Equity Incentives and Employee Share plans, which deliver great benefits to our employees. Origin is a large and diverse company operating in the dynamic energy landscape, and so each year presents its challenges and opportunities in offering employee rewards and benefits, which makes it an interesting and rewarding place to work.
What kind of share plans does Origin offer?
Eligible Origin employees have an opportunity to participate in the Employee Share Plan (ESP), with a choice of participating in either the General Employee Share Plan (GESP) or the Matching Share Plan (MSP).
Share your story with EOA!
EOA is looking to publish more stories about employee share schemes in 2022. If you manage or are involved in a share scheme we'd love to hear from you! Questions for the publication will include why the specific scheme was launched, whether the main objectives were achieved, whether the scheme has been successful and what the average employee participation rate is. If you would like to be involved please email EOA Communications Officer, Max Karklins, at max.karklins@employeeownership.com.au
What The Evidence Tells Us – Employee Ownership Performing Well On ESG Objectives (EOA UK)
The latest statistics, provided by Employee Ownership Association (EOA) research partners Professors Andrew Robinson (University of Leeds) and Andrew Pendleton (UNSW) of the White Rose Centre for Employee Ownership (see the snapshot below), are accompanied by a snippet of their recent survey results that show the sector is delivering better business through giving employees a meaningful say:
- Being socially responsible – 71% of EOBs have a statement of purpose, which includes making a positive contribution to society and the environment, while 96% say that looking after the workforce is a key measure of business success
- Governance – 97% of EOBs have at least one form of employee governance, 74% have at least two
- Involved and informed – 90% of EOBs report that employees have some or a lot of say in decisions on working conditions, 85% have some or a lot of say in new working methods. 75% of businesses share financial information at least several times a year and a further 21% share it at least annually.
Meanwhile, the top end of the employee ownership sector continues to out-perform the rest of UK business in terms of productivity at between two and three times the national average.
This is an excerpt from an article featured on the EOA (UK) website. To read the full article please follow this link: What The Evidence Tells Us – Employee Ownership performing well on ESG objectives
Trends, Best Practice, and Measuring Success: Computershare publish video series on Employee Share Plans
Computershare has collaborated with Charlotte Xu from EY and Stephen Walmsley from SW Corporate, to produce a series of informative videos that discuss key issues in employee share plans, including the top trends, best practices and how to measure success.
To access the videos please follow the links below.
Register for the next EOA Experts Panel webinar!
Our next webinar on the topic of 'ASX disclosure requirements relating to Employee Share Schemes (ESS)' will be held on Tuesday, 19 July at 10am (AEST).
Natalia Gordin and Stephanie Kelly from EY will look at the continuous disclosure obligations under the ASX listing rules, as they apply to awards made under employee share schemes (ESS). In particular, they will discuss the practicalities around the new Appendix 3H “Notice of cessation of securities”, in connection with the expiry or lapse of ESS awards.
When: Tuesday, 7 June at 9am (AEST)
Where: Zoom online webinar (registration required)
Registration link: https://us06web.zoom.us/webinar/register/4616576081353/WN_71feDGH4QNuGK-APwODaIQ
