Dear EOA Subscriber,

Employee Ownership Australia believes widespread employee ownership will boost job security and wages, grow productivity, lift participation in the labour market, deliver a high-quality labour force and allow for full employment to be maintained nationally.

Our submission provides substantial examples of the ways in which employee ownership can achieve these aims, and highlights that many of the identified issues relating to the labour force in Australia can be addressed through better aligning the interests of employers and employees.

"We believe that the provision of employee ownership can be an important element in the effective development of opportunities for employment and growth."

"It is especially important in the current environment where it can play a key role in maintaining continuing employment opportunities, especially as baby boomer businesses move into succession mode."

– Andrew Clements, Chair at Employee Ownership Australia

Spread the word!

If you would like to support and share EOA's submission on LinkedIn you can do so by visiting our LinkedIn page and sharing our post about the submission.

Ownership: Reinventing Companies, Capitalism, and Who Owns What

We are delighted to welcome guest expert Corey Rosen from the US National Center for Employee Ownership (NCEO) for our next EOA Experts Panel webinar on the topic of 'Ownership: Reinventing Companies, Capitalism, and Who Owns What'. 

This presentation will look at how we can move forward to make employee ownership and similar practical ideas the norm, not the exception.

The webinar will be held on Wednesday, 14 September at 9.30am (AEST).

Registration link: https://us06web.zoom.us/webinar/register/4616576081353/WN_eapJ6rkhQW-hzqcojGP9VA

About the webinar

In their new book, Ownership: Reinventing Companies, Capitalism, and Who Owns What, John Case and Corey Rosen make the argument that capitalism is broken. Wealth has concentrated while wealth insecurity has soared. Public companies are focused almost solely on the short term, while private equity firms focus on buying and flipping firms in just a few years. Both concentrated wealth in the hands of the very few. 

There have been lots of proposals to fix the system, but few both have a proven track record and are politically practical. Employee ownership is one way to fix the system by keeping the virtues of the free market but spreading ownership more broadly. 

This presentation will look at how we can move forward to make employee ownership and similar practical ideas the norm, not the exception.

About Corey

Corey Rosen is the founder and an active staff member of the National Center for Employee Ownership, a private, nonprofit membership, information, and research organization in Oakland, CA. The NCEO is widely considered to be the authoritative source on broad-based employee ownership plans. He cofounded the NCEO in 1981 after working five years as a professional staff member in the U.S. Senate, where he helped draft legislation on employee ownership plans. Prior to that, he taught political science at Ripon College. 

He is the author or co-author of over 100 articles and numerous books on employee ownership, and co-author (with John Case and Martin Staubus) of Equity: Why Employee Ownership is Good for Business (Harvard Business School Press, 2005). He has appeared frequently on CNN, PBS, NPR, MSNBC, and other network programs; and is regularly quoted in The Wall Street Journal, The New York Times, BusinessWeek, and other leading publications. He has lectured on employee ownership on six continents.

He has a Ph.D. in Political Science from Cornell University. He previously served on the Board of Directors of the Great Place to Work Institute (creators of the “The 100 Best Companies to Work for in America” list). He currently is on six ESOP company boards.

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