There have been debates on how much to pay managers and wider staff in the co-operative sector right from the early days.
As perhaps with any issue of economic fairness, there have tended to be two schools of thought. The first is that there might be a universal standard of fairness, that a co-operative can embrace. The second is that what matters is ‘process fairness’, in which executive pay is considered openly and appropriately by members, reflecting the democratic governance model of member-owned coops.
An example of a universal approach may be, for example, that you get out what you put in. The training co-op Zebra Collective has a flat management and pay structure, and pay is decided according to how much training and how much administration staff members do. Or it may be an egalitarian principle of equal pay. At SUMA, the wholefood co-operative, all staff are paid an…
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For Immediate Release: March 4, 2014
For More Information: Amy Gwiazdowski, amy AT esopassociation.org
Administration Again Takes Aim at Employee Ownership
March 4, 2014 (Washington, DC) – Today, The ESOP Association expressed disappointment once more over a provision in the President’s Fiscal Year 2015 budget that pertains to employee stock ownership plans (ESOPs). Included in the budget document is a provision to ‘eliminate the deduction for dividends on stock of publicly-traded corporations held in certain ESOPs.’
“Obviously, we are disappointed this provision has been included in the President’s budget,” said ESOP Association President, J. Michael Keeling. “We are baffled by the Administration. How can the Administration preach about creating jobs and then plan to take away a proven policy that sustains jobs? Furthermore, the provision the Administration wants to kill was added in 1984 by Congress to address income inequality by…
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The Employee Ownership Foundation and the University of Pennsylvania’s School of Social Policy and Practice offer CEOs/Presidents and/or the CEO/President designee, of ESOP companies a breakthrough Certificate Program — Leading in an Ownership Setting: The Program for CEOs.More information about the program here.
This ESOP Leadership program is focused on enhancing each participant’s leadership effectiveness in his or her own company.
Session I: June 15 – 20, 2014
Session II: October 19 – 22, 2014
Gettysburg Tour: June 21, 2014 (Optional Leadership Lessons Tour at Gettysburg)
$11,000 (ESOP Association Members); $13,000 (Non-Members)
The program will cover the following topics:
- Essential factors for effectively leading an ESOP company
- Leadership challenges & opportunities unique to ESOPs
- Link of ownership culture to ESOP company performance
- The leader’s role in promoting employee engagement
- Reflection on your personal strengths and challenges as a leader
- Connecting your values and beliefs with…
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The vocabulary of organisations, in books, business schools and workplaces, tends to be a language of hierarchy. Governance then refers to the direction of a business – the ultimate ‘buck stops here’. A different model is to understand governance in ecological terms, as a system of feedback, which allows businesses to correct course where needed.
Whichever one you prefer, good governance has to combine the qualities of direction and of listening.
The weakness of vertical hierarchies for example is that information becomes filtered and more removed from reality the higher it gets. The executive directors see it from their vantage point in the business. The non-executives are independent, but, removed from the running of the business, often also unaware. The weakness of horizontal collectives can be a tendency to information overload, restricting action when it is simplicity rather than complexity that is needed.
The governance of co-operatives and mutuals is fascinating because across our different forms of…
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Congratulations go out to four members of The ESOP Association that have been named to Fortune’s list of the 100 best Companies to Work For.
Burns & McDonnell Engineers-Architects, Kansas City, MO
W. L. Gore & Associates, Inc., Newark, DE
Publix Super Markets, Inc., Lakeland, FL
TDIndustries, Inc., Dallas, TX
“Congratulations to our members,” said ESOP Association President, J. Michael Keeling. “Employees with employee stock ownership, including those with ESOPs, in general, have more sustainable employment. Our national leaders need to take note and understand that we need national policies to encourage employee stock ownership among working Americans. It’s the best jobs policy we have.”
To view the complete list, click here.