Webinar | Building an Employee Ownership Economy
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Building an Employee Ownership Economy
Employee ownership is one of the best tools of an inclusive wealth agenda: it is proven to increase the resilience of firms, keep jobs in local economies and grow the wealth of middle-class workers. It's mainstream in the United States, where over 10M employees share in $1.4T in wealth through their ownership in 6,400 companies. Employee Ownership is also growing rapidly in the UK, with 100 employee ownership conversions a year. Canada, in contrast, has very little employee ownership.
The reason comes down to public policy. Both the US and UK have instituted a corporate form called the Employee Ownership Trust (EOT), along with some incentives to support the growth of employee ownership. As policy makers wrestle with "building back better," bringing the EOT to Canada is a clear part of the solution. Social Capital Partners' recent report "Building an Employee Ownership Economy" details the benefits of employee ownership, the barriers in Canada today and charts a straightforward path to breaking them down.
Bill Young is an entrepreneur and philanthropist, and founded the non-profit Social Capital Partners in 2001 to tackle systemic inequality. He has been a champion of social finance and social entrepreneurship, and was awarded the Order of Canada in 2013.
Taylor is a Director with Social Capital Partners, where he helps design projects and make investments to broaden access to business ownership. He was previously a private equity investor at BCI, a $170B Canadian pension fund, and a management consultant with ESPartners, where he focused on economic development and entrepreneurship promotion in emerging markets.
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