Integrating Culture and Technical Issues in Addressing the "Have and Have Not" ChallengeNCEO Webinar replays are the recorded version of our live Webinars, using PowerPoint presentations viewed online. To purchase a twelve-month subscription providing unlimited access to all recorded Webinars, including this one, follow this link. If you have a current subscription to the replays, log in here. (Replays are not available for individual purchase). Please contact Colleen Kearney at 510-208-1311 or firstname.lastname@example.org for additional information.
This replay was recorded on November 15, 2012.
About This MeetingMany ESOP companies encounter the "Have and Have Not" challenge in the life-cycle of their ESOP, where the company has limited shares to allocate to employee accounts. As a result, some employees or former employees own large concentrations of company stock and newer employees do not own any. How do you create a culture of ownership when many employees do not own significant company shares?
This webinar will examine the cultural implications of common technical solutions (e.g. issuing new shares, rebalancing, doing nothing) and preventive measures (e.g. longer ESOP loan term). This webinar will include several real examples from other companies and answer questions such as: How do you decide what's best for your company from a cultural perspective? How do you communicate your decisions? What are common employee responses? How does that affect the long-term culture of the company?
Nobis EngineeringErin Lambert, P.E., Erin Lambert is a project manager at Nobis Engineering. She has 15 years of experience managing site development and permitting for commercial, institutional, state and municipal projects. She is the leader of Nobis' Sustainability Practice Group and is a LEEDŽ Accredited Professional. In addition, she serves as an ESOP trustee.
Nobis EngineeringJanet Riel is the Controller and an Associate at Nobis Engineering, which provides engineering and remediation services to Federal, State/Municipal and Commercial clients throughout the northeast. Nobis is an employee-owned company, currently the ESOP is a minority shareholder. Janet serves as an ESOP trustee.