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The Employee Ownership Update

Loren Rodgers

November 15, 2012

(Loren Rodgers)

New Roles in Congress for ESOP Supporters

In the 113th Congress, long-time ESOP supporters such as John Boehner (R-OH), Eric Cantor (R-VA), and Debbie Stabenow (D-MI) retain their leadership roles, and several pro-ESOP legislators are taking new roles. Congresswoman Lynn Jenkins, Senator Jerry Moran (both R-KS), Senator John Thune (R-SD), and Sen. Roy Blunt (R-MO) are all taking new leadership roles, according to an announcement by Employee-Owned S Corporations of America (ESCA).

No Options for Starbucks Employees in India

Starbucks famously offers stock options to most of its employees, but its joint venture with India's Tata Teas will not offer stock options to its Indian employees, according to a report in India's Financial Chronicle. In the U.S., Starbucks employees, including part-timers, can participate in the "bean stock" program that provides stock options, as well as health and other benefits. Although options are commonly used in India, the Tata group does not offer its employees stock options, and options are not common in the quick service industry in India.

Excellence in Ownership Awards: Nominations Open Until February 28!

The Excellence in Ownership Awards recognize employee-owned companies that have demonstrated a commitment to promoting employee ownership and innovation in their workplaces. These companies and their employees often emerge as industry leaders, pioneering best practices in a range of areas.

The Excellence in Employee Ownership program includes two awards. The Innovations in Employee Ownership Award seeks to recognize the innovative practices that result from having an engaged workforce of employee-owners, as well as ideas that tie stock to improved company culture or performance.

The Working Better Award recognizes companies that integrate employee ownership into every aspect of the business. Winning companies incorporate programs, policies, and practices that empower employees to think and act like owners and illustrate the positive impact ownership has for workers, the community, and the company.

For more information or to submit an application for either award, visit the Excellence in Ownership Awards page or contact Jessica Thomas (510-208-1301; JThomas@nceo.org). The application deadline is February 28, 2013. Winners will be announced at the 2013 Employee Ownership Conference in Seattle, Washington.

Royal Dutch Shell Wins Employee Ownership Award

The UK's Employee Share Ownership Centre announced yesterday that Royal Dutch Shell had won its award for "the best employee share ownership plan worldwide." The program at Royal Dutch Shell, open to 29,000 employees in 80 countries, offers a 15% discount. Jo Swinson, the UK's Minister for Employment Relations and Consumer Affairs presented the award, saying "Employee share ownership can play an important role in growth by giving employees a real stake in the business."

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