Employee Ownership Trusts: The Succession Solution Australia Can’t Afford to Ignore As Australia faces the largest intergenerational transfer of business ownership in its history, a critical question looms: how will small and medium-sized enterprises (SMEs) navigate succession as baby boomer …
An essay by Alan Greig, Board member, Employee Ownership Australia Employee ownership boosts wealth and income through workers sharing in the profits and assets of their employer. And by providing a method to share with the workforce the financial benefits …
Millennials tend to favor employee ownership because it aligns with their values of transparency, accountability, and a sense of purpose in their work, allowing them to feel more invested in the company’s success, participate in decision-making, and directly benefit from …
Melbourne, Australia – November 18, 2024 – Employee Ownership Australia (EOA), together with the leading UK-based employee ownership expert Graeme Nuttall OBE and author of the renowned Nuttall Report on Employee Ownership, continues to champion the cause of employee ownership trusts …
The most positive and wide-ranging benefits of employee ownership have been confirmed in a landmark UK report released in October, 2023. The new research suggests that the fast-growing UK employee ownership sector is markedly outperforming the UK’s national productivity trend …
Here’s the full, original report: Fit for Work? Health and Wellbeing of Employees in Employee owned Businesses This report was commissioned by the Employee Ownership Association in the UK and sponsored by the John Lewis Partnership some years ago. It …
The ATO has released the following updates regarding the Employee Share Scheme (ESS): Electronic Reporting Specifications (ERS) There are no changes to Employee share scheme reporting for the 2022 – 2023 financial year. Versions of the ERS are as follows: …
Canadian business owners have a new option to consider when contemplating their exit strategy: Employee Ownership Trusts (EOTs). Announced in the 2023 Canadian budget in March 2023 is draft legislation to facilitate the use of EOTs. EOTs allow employees to acquire …
Employee ownership in Australia is becoming more familiar to us but we still lag behind our overseas counterparts. For example, in the United States there are currently an estimated 10 million employee owners. The US-based National Centre for Employee Ownership …
From the Peter Cox Event recently held by the EOA and sponsored by Greenwood Freehills, Coops Australia and the International Year of the Cooperative, 24th January 2012 The John Lewis Story is incredibly well known globally and has been gaining …
