Employee Ownership Australia reposted this
💡 Employee Ownership & Economic Transformation. 💡 Informative and thought provoking presentation by Graeme Nuttall OBE on Employee Ownership Trust (EOT) Business Model. In the UK approxamatly 500 companies are changing to an EOT Model. In the UK, there are even tax incentives for people and companies to be in an EOT. Advantages of EOT's include: ✔️ longer retention of employees ✔️ siginificant reductions in loss through theft & wastage ✔️ increased employee productivity & care ✔️ continuation of an enterprise beyond current ownership ✔️ enterprises remain in the community EOT's are different to Employee Share Option Plan (ESOP) in that shares in the business are held in a trust on behalf of employees. 🔎 Although there is a movement in Australia with the establishement of Employee Ownership Australia, the Australian Taxation Office has declined currently to provide guidence for EOT's. Thanks to Andrew Kay and the South Australian Business Chamber team for hosting Graeme Nuttall OBE and introducing this interesting business model structure. #EmployeeOwnership #EmployeeOwnershipTrust #SuccessionPlanningOption Polaris Business Development Centre