The team of Associates met on Friday 30 June, to join in the national celebrations for Employee Ownership ‘EO’ day and review the achievements of our clients. The day was spent sharing best practice and discussing the challenges some organisations face as they look to lever the advantage of being Employee Owned.
Whilst the current evidence indicates employee ownership is a better way to do business, it is not always an easy route. As professionals in helping organisations make the most of the transition, there was plenty of discussion about the challenges company's face. One such challenge is recruiting senior leaders with the right approach and skills to lead co-owners; this can be particularly challenging where succession planning is a factor. The announcement of J Gadd Associates interview support service was warmly applauded.
In addition, we discussed the forth coming review into the effect of EO. ‘The Ownership Effect’ Chaired by Baroness Sharon Bowles, and sponsored by JL and the Egar trust is an independent which will review and add much to the debate around the impact of EO.
We all enjoyed the day, made even more special with delicious organic raspberries and strawberries from our most recent client, Riverford Organics. Riverford have embarked on securing their legacy through the employee ownership route.