ESOP Builders Inc. March 2018 Newsletter
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ESOP Wisdom Group

Please join us at a pre-ESOP conference meeting to explore best practices in ESOPs in a peer-to-peer group setting.


  • Introductions
  • Best Practices Presentations (each company is encouraged to share their best practices in a brief presentation)
  • Issues, Feedback and Suggestions (opportunity for group members to bring issues or ideas to the table for discussion)
  • Next meeting
  • Monday, June 4, 2018
  • 9:00 am to 4:00 pm
  • Fantasyland Hotel West Edmonton Mall (17700-87 Ave NW, Edmonton, AB)
  • Coffee breaks and Lunch (you are on your own for breakfast)
  • $300 plus GST per person for the first registrant (each additional person from the same company $60 plus GST)

Stock-purchase plans give employees a piece of the action
  - by Dale Jackson, from a Special Feature for The Globe and Mail
Small companies will go to great lengths to attract and keep good employees. Some will entice the best and brightest with a daily spread of fresh fruit or the ever-popular foosball table in the break room. Some even offer unlimited vacation as an incentive to stay.

But others reward employees with a piece of the company through employee stock-option plans. Messagepoint Inc., a Toronto-based business software provider, turns its employees into owners by offering share options to all 100 staff members. ..[More...]

The Philosophy that allows ESOPs to Create Incredibly Successful Companies

by Perry Phillips, ESOP Builders Inc.
First is the philosophy of personal wealth creation. Employees are motivated by financial gain and ESOPs deliver wealth.

Second is the philosophy of cultural engagement on a personal basis. ..[More...]

Just Under Half of Best 100 Companies to Work For Have Broad-Based Employee Ownership
  - from NCEO Newsletter

Thirty-seven of 76 companies on the annual Fortune Best 100 Companies to Work For list have some form of broad-based employee ownership. That percentage has varied very little since the 1990s, in part because the list does not change dramatically from year to year. Companies must apply to be on the list and are rated primarily on a trust index developed by the Great Place to Work Institute. Twenty-four of the companies are partnerships, nonprofits, mutual corporations, or other entities that cannot have a broad-based plan. Four of the companies (R.W. Baird, TD Industries, Publix, and Burns and McDonnell) are majority employee-owned. Sixteen of the companies have a stock purchase plan only; 17 have broad-based equity grants and, almost always, a stock purchase plan as well.

Don't be a Scrooge: Consider sharing some wealth with your employees
  -  by Elaine Froese for Progressive Dairyman

One of the biggest fears of founders I coach is the fact they may lose loyal, hard-working employees after the transfer of the farm to the next generation. It doesn’t have to be that way.

Dan Ohler of ESOP Builders recently gave a webinar on how employee share ownership plans (ESOP) work. We’ve been thinking about this on our farm, as we have a fabulous young mechanic who we would like to keep for the next 30 years. 

10% in the hands of employees in France
  -  from EFES Newsletter

The objective of 10% to be held by employee shareholders in France by 2030 was launched last month in Paris by the French Federation of Employee Shareholders Associations (FAS). This may be compared with 4 to 6% held now in large French companies (depending on definitions), and to some 10% in the USA. President Macron and the French Government will back this objective, seeing  employee share ownership as a key factor for the revival of a population of individual investors. After eight years of negative policies under Presidents Sarkozy and François Hollande, this is a very good signal for employee share ownership in Europe. France is back !

UK Poll: Majority of People View Employee Owned Firms as More Trustworthy
  - from NCEO Newsletter

A poll conducted in the United Kingdom by YouGov found generally positive attitudes toward employee ownership. For example, 58% of respondents believe that employee-owned companies are more trustworthy than non-employee-owned firms, 44% are more likely to apply for jobs at employee-owned companies, and 41% are more likely to buy products from employee-owned companies. The study was commissioned by the Employee Ownership Association (EOA) of the UK and supported by Cooperative Development Scotland. The chief executive of the EOA, Deb Oxley, commented on the report: "At a time when the UK faces economic uncertainty, the opportunity for businesses that are driven by the collective effort and passion of their employee owners could not be any more relevant."

All the Canadian ESOP Guidance You Need in One Book

ESOPs in Canada: How to Implement an Employee Share Ownership Plan to Grow and Exit Your Business with Your Legacy Intact is a comprehensive and practical guide to every aspect of designing and implementing an Employee Share Ownership Plan in Canada.

“This is a must read for those business owners thinking about exploring the notion of employee ownership and discovering that “skin in the game” for those on the front lines of leadership is a secret weapon to surpassing your wildest dreams and forecasts! It is magic”

~ Doug Flynn, CEO, Flynn Group of Companies

More information and order details here 

Notable Quotables
"Great things in business are never done by one person. They're done by a team of people." -- Steve Jobs

Upcoming ESOP Events
See ESOP Builders events page for details on upcoming ESOP events. 

Canadian ESOP and Ownership Thinking Books

ESOPs in Canada: How to Implement an Employee Share Ownership Plan to Grow and Exit Your Business with Your Legacy Intact (2015) by Perry Phillips and Camille Jensen.  Buy this book on Amazon or FriesenPress.

The $10 Trillion Opportunity: Designing Successful Exit Strategies for Middle Market Business Owners: A Guide for Professional Advisors - Canadian Edition (2007) by Perry Phillips and Richard E. Jackim.  Buy this book on Amazon.  
Dr. Carol Beatty's book, Employee Ownership: The New Source of Competitive Advantage (published by Wiley and Sons 2001 - ISBN 0-471-64641-5).  Buy this book on Amazon.
Brad Hams' book, Ownership Thinking: How to End Entitlement and Create a Culture of Accountability, Purpose, and Profit (published by McGraw-Hill 2011- ISBN-10: 0071772456 - ISBN-13: 978-0071772457).  Buy this book on Amazon.

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