do employees / beneficiaries and management understand the concept of co-ownership (employee...
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![Page 1: Do employees / beneficiaries and management understand the concept of co-ownership (Employee Ownership)? Presented by Loren Rodgers National Center for](https://reader035.vdocument.in/reader035/viewer/2022062423/5697c0201a28abf838cd26da/html5/thumbnails/1.jpg)
Do employees / beneficiaries and management understand the concept of co-ownership
(Employee Ownership)?
Presented byLoren Rodgers
National Center for Employee Ownership (USA)
![Page 2: Do employees / beneficiaries and management understand the concept of co-ownership (Employee Ownership)? Presented by Loren Rodgers National Center for](https://reader035.vdocument.in/reader035/viewer/2022062423/5697c0201a28abf838cd26da/html5/thumbnails/2.jpg)
Four Questions
1. What does co-ownership mean legally?
2. What does it mean in a business?
3. How much understanding is sufficient?
4. What aspects are most important to understand?
![Page 3: Do employees / beneficiaries and management understand the concept of co-ownership (Employee Ownership)? Presented by Loren Rodgers National Center for](https://reader035.vdocument.in/reader035/viewer/2022062423/5697c0201a28abf838cd26da/html5/thumbnails/3.jpg)
Four Questions
1. What does co-ownership mean legally?
2. What does it mean in a business?
3. How much understanding is sufficient?
4. What aspects are most important to understand?
![Page 4: Do employees / beneficiaries and management understand the concept of co-ownership (Employee Ownership)? Presented by Loren Rodgers National Center for](https://reader035.vdocument.in/reader035/viewer/2022062423/5697c0201a28abf838cd26da/html5/thumbnails/4.jpg)
A Bundle of Rights
• Financial• Access to information• Degree of control
![Page 5: Do employees / beneficiaries and management understand the concept of co-ownership (Employee Ownership)? Presented by Loren Rodgers National Center for](https://reader035.vdocument.in/reader035/viewer/2022062423/5697c0201a28abf838cd26da/html5/thumbnails/5.jpg)
It’s not just about legal issues
“When they say we're employee-owned, all they mean is that employees have stock.”
“I'm not sure I want to be an owner.”
![Page 6: Do employees / beneficiaries and management understand the concept of co-ownership (Employee Ownership)? Presented by Loren Rodgers National Center for](https://reader035.vdocument.in/reader035/viewer/2022062423/5697c0201a28abf838cd26da/html5/thumbnails/6.jpg)
Four Questions
1. What does co-ownership mean legally?
2. What does it mean in a business?
3. How much understanding is sufficient?
4. What aspects are most important to understand?
![Page 7: Do employees / beneficiaries and management understand the concept of co-ownership (Employee Ownership)? Presented by Loren Rodgers National Center for](https://reader035.vdocument.in/reader035/viewer/2022062423/5697c0201a28abf838cd26da/html5/thumbnails/7.jpg)
Lens 1: Psychology
Rudmin and Berry, 1987, “Semantics of Ownership,” Psychological Record, Vol. 36 pp.257-268.
Psychology
•Means-of-Acquisition
•Control
•Attachment
In practice
•Understand the Transaction
•Participationin Decisions
•Access to Information
![Page 8: Do employees / beneficiaries and management understand the concept of co-ownership (Employee Ownership)? Presented by Loren Rodgers National Center for](https://reader035.vdocument.in/reader035/viewer/2022062423/5697c0201a28abf838cd26da/html5/thumbnails/8.jpg)
There is no ownership without
rights.
There is no ownership without
responsibilities.
Lens 2: Reciprocity
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Lens 3: U.S. Experience
Six Necessary Steps
1. Creating a Plan
2. Understanding the Plan
3. Business Literacy
4. Information Sharing
5. Incentive Plans
6. Employee Involvement
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Lens 4: The Basics
1. Perceived trust
2. Perceived fairness
3. Managing expectations
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Four Questions
1. What does co-ownership mean legally?
2. What does it mean in a business?
3. How much understanding is sufficient?
4. What aspects are most important to understand?
![Page 12: Do employees / beneficiaries and management understand the concept of co-ownership (Employee Ownership)? Presented by Loren Rodgers National Center for](https://reader035.vdocument.in/reader035/viewer/2022062423/5697c0201a28abf838cd26da/html5/thumbnails/12.jpg)
Enthusiasm About Employee Ownership
Effective Range
Skeptics 11% to 36%
Champions 6% to 32%
![Page 13: Do employees / beneficiaries and management understand the concept of co-ownership (Employee Ownership)? Presented by Loren Rodgers National Center for](https://reader035.vdocument.in/reader035/viewer/2022062423/5697c0201a28abf838cd26da/html5/thumbnails/13.jpg)
Four Questions
1. What does co-ownership mean legally?
2. What does it mean in a business?
3. How much understanding is sufficient?
4. What aspects are most important to understand?
![Page 14: Do employees / beneficiaries and management understand the concept of co-ownership (Employee Ownership)? Presented by Loren Rodgers National Center for](https://reader035.vdocument.in/reader035/viewer/2022062423/5697c0201a28abf838cd26da/html5/thumbnails/14.jpg)
What gets too much emphasis?
•The specifics of the plan. Understanding the plan is a path to trust; trust is what matters.
What gets too little emphasis?
•Business literacy
•Employees’ impact on value
•Link between rights and responsibilities.
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Questions?
Loren RodgersNational Center for Employee Ownership
1736 Franklin Street, 8th FloorOakland, CA 94612