The Emerging Scholar Awards in Employee Participation and Ownership

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The Foundation for Enterprise Development and collaborators are pleased to announce the launch of a new, annual award ($1,500 per award, up to 3 awards) for promising research by an emerging scholar in the domain of broad-based employee participation and ownership.

The purpose of the award program is to identify innovative research in management or management-related disciplines that considers high-impact ideas in the context of business and society’s needs for employee empowerment, participative workforces, and wealth creation through broad-based equity and profit-sharing mechanisms, work practices, organizational structures, and innovation and entrepreneurial models. Research that has broad implications for practice and/or policy, and that addresses pressing economic and/or social problems are especially appropriate for this award.

The award is open to students (PhD) and post-docs worldwide; see the website below for full details of the award and its criteria.

http://s.coop/1620m

Woollard & Henry manufacturers marks ten year anniversary of employee ownership with special roadshow event

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— Event will showcase success of employee ownership and celebrate the United Nations International Year of Co-operatives —

Co-operative Development Scotland and Woollard & Henry are hosting a special event at Stoneywood Park, Dyce, on Friday 7 September to mark the company’s tenth anniversary of employee ownership.

Woollard & Henry was founded in 1878 and has over 130 years experience as a provider of papermarking products such as the dandy roll* and associated watermarking systems.

At the event Fred Bowden from Woollard & Henry will explain how employee ownership has helped shape a decade of success for his company in the face of declining market conditions.

Sarah Deas, chief executive, Co-operative Development Scotland, will also provide an overview of employee ownershipand how it sustains businesses in their local communities.

The event will also be attended by prominent politicians including Sir Malcolm Bruce MP, Richard Baker MSP, Mark McDonald MSP and Brian Adam MSP.

The free event will take place at Stoneywood Park, Dyce, from 11.00am. The event will include a presentation, tour of Woollard & Henry’s factory, discussion and a lunch. For further details go to: www.scottish-enterprise.com/cdsevents

This is the fifth in a series of Co-operative Development Scotland-organised visits to successful employee owned businesses taking place across Scotland in 2012.

Two more will follow later this year: 5 November at John Lewis in Edinburgh and 16 November at Tullis Russell in Glenrothes.

There are over 550 co-operative businesses in Scotland with a combined turnover of more than £4bn and employing 28,600 people.

An employee owned business is one in which the employees hold the majority of the shares either directly or through an employee benefit trust. It gives employees a meaningful stake in their organisation together with a genuine say in how it is run.

One week to go to get a share of CDS’s £30,000 collaboration prize

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There is less than a week to go for businesses in Scotland to apply for Co-operative Development Scotland’s (CDS) inaugural Collaboration Prize.

Backed by the First Minister, the £30,000 Collaboration Prize will provide cash and support to develop the three new consortium co-operatives in Scotland.

Co-operatives are collaborative vehicles that play an important role in creating globally competitive businesses. They enable employees, businesses and communities to work together to fulfil shared interests.

With a combined turnover of £4bn and employing around 28,000 people, Scotland’s 578 co-operative enterprises currently play a key role in driving Scotland’s economic growth.

Sarah Deas, chief executive of Co-operative Development Scotland, said: “Collaborating through a consortium has been proven to drive business performance as it allows individuals and smaller companies to pool their resources.

“With less than a week to go, we wanted to remind businesses that have considered collaborating in this way that there is still plenty of time to apply.”

First Minister Alex Salmond launched the competition earlier this year to mark the UN-backed International Year of Co-operatives 2012.

CDS is calling for interested parties to pitch an idea for a new consortium with up to three winning concepts each receiving a cash prize of £5,000 and a further £5,000 of support to get the business off the ground.

The deadline for entries is 31 July 2012 and winners will be announced in August. For more information about the Collaboration Prize or Co-operative Development Scotland, please visit: www.cdscotland.co.uk or call 0141 951 3055.

CDS CONTINUES THE SEARCH FOR SCOTLAND’S BEST NEW CONSORTIUM BUSINESS

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Co-operative Development Scotland (CDS) is offering £30,000 worth of cash and support to develop new consortium co-operatives in Scotland and will be hosting a series of free workshops with Business Gateway across the country in June and July for local businesses to find out more.

Launched earlier this year by First Minister Alex Salmond, the Collaboration Prize aims to encourage businesses to consider working with others to form a new consortium co-operative. Consortiums are collaborative vehicles that play an important role in creating globally competitive businesses. They enable employees, businesses and communities to work together to fulfil shared interests.

CDS is calling for interested parties to pitch an idea for a new consortium co-operative with up to three winning concepts each receiving a cash prize of £5,000 and a further £5,000 of support to get the business off the ground.

The workshops will run from 9:30am – 12:30pm and will take place in Stirling, Paisley and Inverness. The aim is to provide a general review of the consortium co-operative model and take attendees through the stages of forming a new consortuim business. They will also help applicants consider how best to respond to all aspects of the application form.

STIRLING WORKSHOP DETAILS:

Date: Tuesday 12 June 2012

Time: 9:30am – 12:30pm

Location: Business Gateway – Stirling, STEP, John Player Building, STIRLING FK7 7RP

PAISLEY WORKSHOP DETAILS:

Date: Tuesday 26 June 2012

Time: 9:30am – 12:30pm

Location: Business Gateway – Paisley, 9b Gilmour Street, PAISLEY PA1 1DD

Places for these events can be booked through the Business Gateway website or by calling 0845 609661.

INVERNESS WORKSHOP DETAILS:

Date: Thursday 12 July 2012

Time: 9:30am – 12:30pm

Location: Ness Horizons Centre, Kintail House, Inverness

To book a place please contact Lesley Allan on 01463 713889 or email lesley.allan@highland-opportunity.com

Applications for the Collaboration Prize can be submitted online at: www.scottish-enterprise.com/cds-collaboration-prize

Deadline for entries is 31 July 2012 and winners will be announced in August later this year.

Businesses of any size and type (company, partnership, sole trader) can apply but you must:

  • Be based in Scotland
  • Have identified potential partners for the proposed collaborative venture

With a combined turnover of £4bn and employing around 28,000 people, Scotland’s 550 co-operative businesses currently play a key role in driving Scotland’s economic growth.

For more information about the Collaboration Prize or Co-operative Development Scotland, please visit: www.cdscotland.co.uk or call 0141 951 3055.

Employee ownership and share schemes

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The Glasgow branch of the Co-operative Party organised an event to celebrate the International Year of Co-operatives on 31 May 2012. Held at the STUC building in the West End of the city, the event attracted two very prominent speakers: Graeme Nuttall, partner at European law firm Field Fisher Waterhouse and the Westminster government’s advisor on employee ownership; and Bernard Daly, Employee Share Ownership Plan (ESOP) director and board member of EFES. The theme of the event was employee ownership through financial participation. In Graham’s case, this referred to Employee Benefit Trusts (EBTs) while Bernard spoke of the history and effects of ESOPs.

While I won’t provide a transcript of their presentations, it is worth commenting briefly on the findings of their respective research. Graeme’s presentation examined the barriers to employee ownership in the UK. The consultation is ongoing (readers can contribute here) but already a number of (expected) obstacles have been identified, including:

  • general lack of awareness of employee ownership amongst entrepreneurs;
  • poor understanding of the model by advisors (financial, legal, and political);
  • existing information relating to employee ownership is often misunderstood; and
  • a lack of teaching and research of employee ownership in education.

Bernard’s presentation then sought to explain the role employee ownership, in particular ESOPs, can play in the privatisation of state-owned companies. He particularly emphasised the need for trade unions to embrace employee ownership and not cling desperately to ideologies that do not benefit their members.

Both of the speaker’s presentations are provided below:

Graeme Nuttall – Using employee benefit trusts for employee ownership

Bernard Daly – ESOPS And The Irish Crisis

Co-operative conference examining education and sustainability

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21-22 May 2012, University of Aberdeen

Hopefully, you are all aware that 2012 is the UN International Year of Co-operatives and we intend to be part of the celebrations.

However, there is a feeling in the UK that we need to ensure that we create some legacy from these events.

To that end, CETS, The Co-operative Group Membership (Grampian) and the University of Aberdeen have decided to look to the basic co-operative principles of self help and self responsibility and organize an event to highlight co-operatives as an inherently more sustainable model of enterprise but also how co-operatives live up to their values and principles by supporting the wider sustainability agenda.

See the attached programmes for 2 inspirational days on how to use co-operative options as a route to a more sustainable economy and society.

We would be delighted to see you in Aberdeen for either or both days.  Places are free but limited – so if you want to be part of the Co-operative Future, contact the email below.

Hugh Donnelly
hugh.donnelly@cets.coop

Programme details – Monday

Programme details – Tuesday

The full package: CETS newest resource aimed at higher education

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Diarmuid

The culmination of  a two-year collaborative project with the University of Aberdeen, today CETS launched its newest resource, its first foray into higher education: Democratic Enterprise: Ethical business for the 21st century.Here’s the description of the text:

The United Nations has declared 2012 to be the International Year of Co-operatives in recognition of the impact that co-operative enterprise has on more than three billion people across the globe. Co-operatives contribute to national and local economies in virtually every country by championing an ethical approach to business underpinned by internationally agreed values and principles. Yet despite the wide-ranging successes of co-operatives, in financial terms as well as in the development of sustainable communities, the study of these democratic forms of enterprise remains surprisingly absent from the curricula of most university business schools around the world.

Designed primarily for undergraduate students, Democratic Enterprise provides an introductory-level analysis of democratic models of enterprise, namely cooperatives and employee-owned businesses. A supplement to any course that deals with these topics, it also stands alone as a template for academics who wish to incorporate material on democratic models of enterprise into courses relating to economics, business studies, sustainable development, enterprise, and organisational theory and behaviour.

The book is free to download and can be accessed here:

http://www.abdn.ac.uk/cets/resources/democratic-enterprise

With our new primary resource and the approval of SQA qualifications in Co-operative Studies, we have provided a pathway or educational journey for students interested in co-operatives, one that starts in the Curriculum for Excellence and culminates in higher education.

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